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Algeria: Staff Report for the 2001 Article IV Consultation and Post-Program Monitoring Discussion

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  • International Monetary Fund

Abstract

Since the outset of IMF-supported adjustment and reform program, Algeria has made substantial progress toward the restoration of macroeconomic stability and implemented a set of structural reforms. High hydrocarbon prices also contributed to a sharp improvement in the budget position. A prudent fiscal stance and cautious easing of monetary conditions have led to a major strengthening of the balance of payments position and a large accumulation of official reserves. The authorities are urged to enhance transparency and strengthen the efforts to improve governance.

Suggested Citation

  • International Monetary Fund, 2001. "Algeria: Staff Report for the 2001 Article IV Consultation and Post-Program Monitoring Discussion," IMF Staff Country Reports 2001/162, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2001/162
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