Algeria: Staff Report for the 2002 Article IV Consultation
Electronic Access:
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Summary:
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.
Series:
Country Report No. 2004/033
Subject:
Banking Credit Expenditure External debt Money Oil prices Prices Public debt
English
Publication Date:
February 10, 2004
ISBN/ISSN:
9781451811438/1934-7685
Stock No:
1DZAEA0022004
Pages:
54
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