Algeria: Financial System Stability Assessment

June 10, 2014

Preview Citation

Format: Chicago

Algeria: Financial System Stability Assessment, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Also available in: français

Summary

This paper discusses key findings of the Financial System Stability Assessment on Algeria. The global crisis has had virtually no impact on Algeria’s financial system, which remains stable overall but thoroughly underdeveloped. Pervasive exchange controls, widespread public ownership, and an abundance of domestic funding have protected banks from external shocks. Financial sector reforms have been pushed to the backburner by the emergence of global financial and regional political turmoil, with privatization of banks halted and consumer lending suspended. The authorities have also made progress in a number of areas implementing the recommendations of the 2007 Financial Sector Assessment Program update.

Subject: Banking, Commercial banks, Credit, Financial institutions, Loans, Money, Nonperforming loans, State-owned banks

Keywords: Banking sector, Capital market, Central bank, Commercial banks, CR, Credit, Exchange rate, Global, Investment vehicle, ISCR, Loans, Monetary policy, Nonperforming loans, Resolution framework, Sovereign wealth fund, State-owned banks

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/161
Stock No:

1DZAEA2014003
ISBN:

9781498328739
ISSN:

1934-7685

Notes

Also available in French

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