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.2003 Article IV ConsultationaStaff Report; Staff Statement; Public Information Notice on the Executive Board ... 2.5 1.1 1.1 1.1 n.a. 0.8 Erttwnel interest payments to exports GS 31a#39; 0.2 0.1 0.1 0.1 n.a. 0.0 Elna:-cal amortization payments on exports GS 31a#39; 0.4 0.1 0.2 0.2 na. ... uni iiqacrfil on goods -a#39;1lIa#39;ll1. services exclude Eaclor iicomea, in line with the 5th edition of the Balance of Payments Manual.
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2004-02-10|