Algeria : Staff Report for the 2001 Article IV Consultation and Post-Program Monitoring Discussion

Since the outset of IMF-supported adjustment and reform program, Algeria has made substantial progress toward the restoration of macroeconomic stability and implemented a set of structural reforms. High hydrocarbon prices also contributed to a sharp improvement in the budget position. A prudent fiscal stance and cautious easing of monetary conditions have led to a major strengthening of the balance of payments position and a large accumulation of official reserves. The authorities are urged to enhance transparency and strengthen the efforts to improve governance.
Publication date: September 2001
ISBN: 9781451811377
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International - Economics , International - Economics , balance of payments , budget law , external debt , oil prices , central bank

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