Algeria: 2011 Article IV Consultation: Staff Report; Public Information Notice

Algeria: 2011 Article IV Consultation: Staff Report; Public Information Notice
ISBN-10
1463934440
ISBN-13
9781463934446
Series
Algeria
Category
Business & Economics
Pages
41
Language
English
Published
2012-01-31
Publisher
International Monetary Fund
Author
International Monetary Fund

Description

This 2011 Article IV Consultation reports that despite an uncertain international economic environment, the Algerian economy has been doing relatively well. Real nonhydrocarbon GDP growth in 2010 reached 6 percent and total GDP growth was 3 percent. Executive Directors have welcomed Algeria’s overall good economic performance in recent years amid a difficult international economic environment. Nevertheless, they noted that significant challenges persist, and have encouraged the authorities to renew their efforts to preserve macroeconomic stability, restore fiscal prudence, and diversify the economy with a stronger private sector.

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