Cover IMF Staff Country Reports
Buy Book in Print
Algeria: Staff Report for the 2004 Article IV Consultation
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 050
Language:
English
Publication Date:
15 Feb 2005
DOI:
https://doi.org/10.5089/9781451811452.002
ISBN:
9781451811452
ISSN:
1934-7685
Pages:
55
Keywords:
ISCR; CR; authority; enterprise; repayment policy; debt; capital expenditure; public enterprises restructuring; authorities' effort; medium-term strategy; authorities' readiness; State-owned banks; Public enterprises; Middle East; North Africa; Maghreb; Global
Download PDF (5.3 MB) Download Epub
Algeria’s 2004 Article IV Consultation reports that the fiscal expansion has contributed to job creation, but unemployment remains high. The vulnerability of public finances to oil price fluctuations has increased and monetary policy has helped to keep inflation under control. Sound management of high external inflows from hydrocarbon exports is the key to improve the outlook for private sector-driven economic growth and employment. The fiscal adjustment planned by the government will gradually bring the nonhydrocarbon primary deficit to a sustainable level.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund