UID:
edoccha_9960178324602883
Format:
1 online resource (66 pages)
ISBN:
1-4843-0274-5
,
1-4843-0278-8
Series Statement:
IMF Staff Country Reports
Content:
This 2017 Article IV Consultation highlights Algeria’s continued challenges posed by lower oil prices. Overall economic activity was resilient, but growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016, partly under the effects of spending cuts. Inflation increased from 4.8 percent in 2015 to 6.4 percent in 2016 and stood at 7.7 percent year over year in February 2017. Unemployment was 10.5 percent in September 2016 and remains particularly high among youth (26.7 percent) and women (20.0 percent). Despite fiscal consolidation in 2016, the fiscal and current account deficits remained large, and public debt increased, reflecting in part the assumption of government-guaranteed debt. International reserves, while still ample, have declined rapidly.
Note:
Cover -- CONTENTS -- INTRODUCTION -- RECENT DEVELOPMENTS, OUTLOOK, AND RISKS -- A. Recent Developments -- B. Outlook and Risks -- POLICY DISCUSSIONS -- A. Balancing Fiscal Consolidation and Growth -- B. Structural Reforms -- C. Supportive Exchange Rate, Monetary, and Financial Policies -- STAFF APPRAISAL -- BOXES -- 1. Risk Assessment Matrix -- 2. Authorities' Response to Past IMF Recommendations -- 3. Fiscal Risks -- FIGURES -- 1. Selected Macroeconomic Indicators -- 2. Fiscal Indicators -- 3. Monetary Indicators -- TABLES -- 1. Selected Economic and Financial Indicators, 2014-22 -- 2. Balance of Payments, 2014-22 -- 3. Summary of Central Government Operations, 2014-22 (In billions of Algerian dinars) -- 4. Summary of Central Government Operations, 2014-22 (In percent of GDP) -- 5. Monetary Survey, 2014-22 -- 6. Financial Soundness Indicators, 2009-16 -- ANNEXES -- I. Alternative Scenario -- II. Public Debt Sustainability Analysis -- III. External Sector Assessment -- IV. Implementation of FSAP Recommendations -- CONTENTS -- RELATIONS WITH THE FUND -- RELATIONS WITH THE WORLD BANK GROUP -- STATISTICAL ISSUES.
Additional Edition:
ISBN 1-4843-0266-4
Language:
English
