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Algeria: Staff Report for the 2002 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 033
Language:
English
Publication Date:
10 Feb 2004
DOI:
https://doi.org/10.5089/9781451811438.002
ISBN:
9781451811438
ISSN:
1934-7685
Pages:
54
Keywords:
ISCR; CR; staff projection; euro exchange rate; authority; staff appraisal; deposit auction; hydrocarbon revenue; Oil prices; Credit; Middle East; Maghreb
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The strong hydrocarbon export performance has allowed Algeria to strengthen its external position and record a budget surplus. Executive Directors commend the government for the broad improvement in macroeconomic indicators. The government has eased the fiscal stance, and this strategy has succeeded in boosting short-term growth. The surge in credit to the economy is a concern. Algeria should reinvigorate its structural and institutional reform efforts to put the economy on a sustainable path of higher growth, lower unemployment, improved social conditions, and reduced poverty.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund