ebooks and download videos Search All  Title  Author 
Home / Nonfiction / Business & Economics / International / Economics

Algeria: 2014 Article IV Consultation-Staff Report Press Release and Statement by the Executive Director for Algeria

| £7.50 | €8.43 | Ca$12.17 | Au$12.01
by International Monetary Fund. Midd Dept.
What is this?DRM-EPUB | by download   add to wish list
Algeria: 2014 Article IV Consultation-Staff Report Press Release and Statement by the Executive Director for Algeria by International Monetary Fund. Midd Dept.

KEY ISSUES Inflation has subsided, but longstanding vulnerabilities are becoming increasingly apparent. Economic growth is holding up well, inflation has fallen below the central bank's target, and fiscal and external buffers remain large. But the economy's dependence on the hydrocarbon sector has led to serious vulnerabilities that are now coming to light. Stagnating hydrocarbon production and declining oil prices, combined with increasing domestic consumption of hydrocarbon products, are depressing export receipts. Public spending continues to increase, fueling imports and a loss of competitiveness, and placing fiscal policy on an increasingly unsustainable path. As a result, the current account is expected to record a deficit in 2014 for the first time in more than 15 years. Unemployment remains high among youth and women. Algeria needs to consolidate macroeconomic and financial stability. A full-fledged fiscal rule, combined with an ambitious consolidation effort over the medium term, would help put the fiscal stance on a sustainable path. The decline in inflation experienced since the 2012 is a positive outcome that needs to be maintained through continued efforts to absorb liquidity and a more active use of interest rates. The exchange rate policy should avoid deviations of the dinar from its equilibrium level, and should support the deepening of forex markets. The implementation of FSAP recommendations should be pursued, notably to strengthen financial sector stability. An export-oriented strategy is needed to ensure external sustainability. Export diversification is imperative to ensure external sustainability and reduce vulnerability to fluctuating oil prices. Diversification policies should focus on maintaining economic stability and improving competitiveness, increasing openness to trade and capital flows, (particularly FDI), and creating a more export-friendly business climate. Additional reforms are needed to increase hydrocarbon exports, including reforms to increase production and phase-out implicit subsidies on energy and electricity, which are fueling domestic consumption. Algeria's significant growth potential needs to be more fully realized. Reforms are needed to reduce the dominance of the public sector and transform the private sector into an engine for growth, supported by a deeper financial sector. To increase employment, Algeria will need better-functioning labor markets, a workforce equipped with more relevant skills, and more effective labor market programs. Exchange rate regime. The de facto exchange rate regime is classified as "other managed arrangement." Algeria has accepted the obligations of Article VIII Sections 2(a), 3, and 4.

To view this DRM protected ebook on your desktop or laptop you will need to have Adobe Digital Editions installed. It is a free software. We also strongly recommend that you sign up for an AdobeID at the Adobe website. For more details please see FAQ 1&2. To view this ebook on an iPhone, iPad or Android mobile device you will need the Adobe Digital Editions app, or BlueFire Reader or Txtr app. These are free, too. For more details see this article.

SHARE  Share by Email  Share on Facebook  Share on Twitter  Share on Linked In  Share on Delicious
or call in the US toll free 1-888-866-9150 product ID: 676189

Ebook Details
Pages: 60
Size: 5.2 MB
Date published:   2014
ISBN: 9781475543940 (DRM-EPUB)

DRM Settings
Copying:of 20 selections every 20 days allowed
Printing:of 20 pages every 20 days allowed
Read Aloud:  not allowed

This product is listed in the following categories:

Nonfiction > Business & Economics > Money & Monetary Policy
Nonfiction > Political Science > Public Policy > Economic Policy
Nonfiction > Business & Economics > International > Economics

This author has products in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Money & Monetary Policy
Nonfiction > Social Science
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Banks & Banking
Nonfiction > Business & Economics > Finance
Nonfiction > Political Science > Public Policy > Economic Policy
Nonfiction > Law
Nonfiction > Law > Public
Nonfiction > Business & Economics > Labor
Nonfiction > Political Science > Public Policy > Social Security
Nonfiction > Business & Economics > Industries

If you find anything wrong with this product listing, perhaps the description is wrong, the author is incorrect, or it is listed in the wrong category, then please contact us. We will promptly address your feedback.

© 2016