Middle East and Central Asia > Algeria

You are looking at 1 - 9 of 9 items for :

  • Type: Journal Issue x
  • Financial services law & regulation x
Clear All Modify Search
International Monetary Fund. Middle East and Central Asia Dept.
This paper discusses the recent economic developments, outlook, risks, and policies required to foster sustainable economic growth of Algeria. Growth was sustained in 2015 while inflation picked up. The budget deficit reached a record high in 2015 because of the collapse in hydrocarbon revenues and a significant fiscal expansion. Beyond 2016, the outlook hinges on the strength of the policy response to the oil price shock. The collapse in oil prices points to the urgent need to reshape Algeria’s growth model. Algeria needs to undertake ambitious and sustained consolidation combined with a critical mass of structural reforms to diversify its economy and promote private sector-led growth and job creation.
Mr. Noriaki Kinoshita and Mr. Cameron McLoughlin
The degree of an economy’s monetization, which has an important implication on economic growth, can be affected by the conduct of monetary policy, financial sector reform, and episodes of financial crises. The paper finds that monetization--measured by the ratio of broad money to nominal GDP-- in low- to middle-income countries is significantly correlated with per-capita GDP, real interest rates, and financial sector reform. It suggests that maintaining an upward momentum in monetization can be an important policy objective, particularly for low-income countries, and that monetary and financial sector policies need to be conducive to enhancing monetization.
International Monetary Fund
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
International Monetary Fund
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.
International Monetary Fund. External Relations Dept.
Le numéro de juin 2008 aborde sous différents angles la crise des marchés financiers dans les pays avancés. Les articles se penchent sur les origines de la crise du marché hypothécaire des subprimes aux États-Unis et suivent à la trace ses effets de contagion à d'autres marchés. Les auteurs s'intéressent aux mesures à prendre pour prévenir les crises futures. Les autres articles sont consacrés aux règles de Bâle II en matière d'exigences de fonds propres, au découplage ou à la convergence des pays émergents et des pays industrialisés, aux flux de capitaux vers les pays à faible revenu, aux efforts en vue de réaliser les OMD, et aux interventions sur les marchés des changes. Dans les rubriques habituelles, « L’ABC de l’économie » est consacré aux marchés de gré à gré, « Paroles d'économistes » à Jacques Polak, et « Pleins feux » à la fracture numérique.
International Monetary Fund. External Relations Dept.
En el número de junio de 2008 se analiza la crisis de los mercados financieros en los países industriales desde varios ángulos. En los artículos se examinan los orígenes de la crisis estadounidense de la deuda hipotecaria de alto riesgo y su repercusión en otros mercados. Los autores también examinan las medidas que podrían adoptarse para prevenir futuras crisis. En otros artículos se analizan las normas relativas a la suficiencia de capital y el marco de Basilea II, la cuestión de si hay desacoplamiento o convergencia entre los mercados emergentes y las economías industriales, los flujos de capitales hacia los países de bajo ingreso, los esfuerzos para alcanzar los ODM y las intervenciones monetarias. En “Vuelta a lo esencial” se pasa revista a los mercados extrabursátiles y en “Gente del mundo de la economía” se traza una semblanza de Jacques Polak. En “Bajo la lupa” se examina la brecha digital entre los países.
International Monetary Fund. External Relations Dept.
The June 2008 issue tackles the crisis in financial markets in industrial countries from a number of angles. Articles look at the origins of the crisis in the subprime mortgage market in the United States and track its spillover into other markets. Then authors examine what can be done to prevent future crises. Other articles look at bank capital adequacy rules and Basel II, whether emerging markets and industrial economies are decoupling or converging, capital flows to low-income countries, efforts to achieve the MDGs, and currency intervention. Back to Basics looks at over-the-counter (OTC) markets and the People in Economics column profiles Jacques Polak. Picture This is on the digital divide.
International Monetary Fund
In 1994–98, Algeria was successful in restoring macroeconomic stability and implementing structural reforms. The fiscal position deteriorated in the first part of 1999, owing to low oil prices. Executive Directors supported the reform program introduced in early 2000, and welcomed its emphasis on accelerating reform of the banking and public sector companies but stressed the need for detailed implementation plans. The economic environment should be improved to promote private economic activity, including domestic and foreign investment. The authorities are urged to accelerate trade liberalization.
Mr. Abdelali Jbili
This paper reviews and assesses the financial sector reforms in Algeria, Morocco and Tunisia. After a description of the financial sector before reforms, it explains the main features of the comprehensive reform process in each country. It also reviews the sequencing of reforms and discusses econometric evidence of the impact of the reforms on saving in each of the three countries. Subsequently, the paper sets out remaining issues to be addressed in the three countries, including a further strengthening of the banking system and development of financial instruments and markets.