Algeria: 2006 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria.

Volume/Issue: Volume 2007 Issue 072
Publication date: February 2007
ISBN: 9781451811537
$18.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
French
Prices in red indicate formats that are not yet available but are forthcoming.
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 , Labor , Money and Monetary Policy , Public Finance , ISCR , CR , government , monetary policy , policy , high-quality fund policy dialogue , authorities' reform priority , reform priority , staff note , government service , stabilization fund , Algerian authorities , world oil price , State-owned banks , Public investment spending , Credit , Maghreb

Summary

Algeria’s key challenges are to achieve sustained growth and reduce unemployment, while maintaining macroeconomic stability. This 2006 Article IV Consultation highlights that real GDP growth of Algeria temporarily declined to about 3 percent in 2006, largely because of a drop in hydrocarbon output for technical reasons. Inflation remained low through mid-year but is picking up. Monetary policy remained prudent, in line with the authorities’ objective of containing inflation. The Bank of Algeria continued to absorb most of the excess liquidity of the banking system through deposit auctions in 2006.