Algeria: Staff Report for the 2004 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 050

Publication date: February 2005

ISBN: 9781451811452

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , 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

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Grenada

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Republic of Congo : 2001 Article IV

Summary

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.