Algeria : 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria
ISBN: 9781455254897
Platform/Publisher: Ebook Central / International Monetary Fund
Digital rights: Users: Unlimited; Printing: Limited; Download: 7 Days at a Time
Subjects: Business/ Management; Economics;

Despite the effects of the international crisis, real nonhydrocarbon GDP (NHGDP) growth in 2009 exceeded the average of 6 percent. Algeria's good economic performance supported by the authorities' prudent fiscal and monetary policies and the favorable external environment are welcomed. The authorities' policy to maintain the real effective exchange rate close to equilibrium, which is consistent with external stability, is encouraged. Containing government spending would contribute to reducing pressures for real exchange appreciation and potential Dutch disease effects.


hidden image for function call