European Parliament Library

Algeria :, 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria

Despite the effects of the international crisis, real nonhydrocarbon GDP (NHGDP) growth in 2009 exceeded the average of 6 percent. Algeria’s good economic performance supported by the authorities’ prudent fiscal and monetary policies and the favorable external environment are welcomed. The authorities’ policy to maintain the real effective exchange rate close to equilibrium, which is consistent with external stability, is encouraged. Containing government spending would contribute to reducing pressures for real exchange appreciation and potential Dutch disease effects
Table Of Contents
Cover; Contents; I. Background: Favorable Developments But Key Challenges Remain; II. Short Term Outlook and Policies: Supporting Growth while Fending off Inflationary Pressures; III. Medium-Term Challenges and Reforms: Need to Promote Economic Diversification; IV. Staff Appraisal; Figure; Selected Economic Indicators; Tables; 1. Selected Economic and Financial Indicators, 2007-15; 2. Balance of Payments, 2007-15; 3. Summary of Central Government Operations, 2007-15; 4. Monetary Survey, 2007-11; Appendices; Contents; 1. Exchange Rate Assessment; Contents; I. Relations with the Fund
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (42 p.)
Specific Material Designation
Form Of Item

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