International Monetary Fund (IMF) Executive Board Concludes 2022 Article IV Consultation with Algeria

The rise in inflation is a major challenge, amid a loose monetary policy stance

On February 1, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Algeria and considered and endorsed the staff appraisal without a meeting [2] . The upswing in hydrocarbon prices has alleviated pressures on public and external finances and the post-pandemic recovery has likely gathered pace .…

IMF Staff Completes 2021 Article IV Consultation Mission to Algeria

The mission recommends a comprehensive and coherent package of fiscal, monetary, and exchange rate policies to reduce Algeria’s vulnerabilities

The Algerian authorities have implemented several measures to mitigate the impact of the Covid-19 pandemic and stepped up their vaccination campaign since July; There is urgent need for a recalibration of economic policies to address macroeconomic imbalances while protecting and enhancing support to the most vulnerable; Algeria’s transition to a…

International Monetary Fund (IMF) Staff Completes 2018 Article IV Visit to Algeria

Algeria continues to face important challenges posed by the fall in oil prices four years ago

An International Monetary Fund (IMF) staff team led by Jean-François Dauphin visited Algiers from February 27 to March 12 to hold discussions for the 2018 Article IV consultation. Discussions focused on the mix of policies and reforms to restore macroeconomic balances and foster sustainable and inclusive growth. At the end…

Algeria: Press Statement about Mr. Jihad Azour's visit to Algeria

Mr Jihad Azour, the new Director of the IMF’s Middle East and Central Asia Department, will be visiting Algeria during July 11-12, 2017

Mr Jihad Azour, the new Director of the IMF’s Middle East and Central Asia Department, will be visiting Algeria during July 11-12, 2017. His visit will be an opportunity to meet with members of the newly appointed government and exchange views on economic policies to adjust to lower oil prices…

IMF Executive Board Concludes 2017 Article IV Consultation with Algeria

On May 26, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation[1] with Algeria. Algeria continues to face important 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…

IMF Staff Completes 2017 Article IV Mission to Algeria

Overall economic activity was resilient, but growth in the nonhydrocarbon sector slowed under the effects of spending cuts and is estimated at 3.4 percent in 2016

Algeria continues to face important challenges posed by lower oil prices. Efforts to adjust to the oil price shock are underway. The authorities achieved a notable reduction in the fiscal deficit in 2016 and are seeking to reshape the country’s growth model. Fiscal consolidation will need to be sustained as…

IMF Executive Board Concludes 2016 Article IV Consultation with Algeria

On May 16, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Algeria, and considered and endorsed the staff appraisal without a meeting.2 The economic outlook has deteriorated since the 2014 Article IV consultation, with the fall in oil prices increasing the urgency to reshape…

IMF Staff Completes 2016 Article IV Mission to Algeria

An International Monetary Fund (IMF) staff team led by Jean-François Dauphin visited Algiers from March 1 to 14 to hold discussions for the 2016 Article IV consultation. Discussions focused on the impact of the decline in oil prices on Algeria’s economy and the policies needed to adjust to the shock.…