Algeria [electronic resource] : Selected Issues and Statistical Appendix.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 04/31Publication details: Washington, D.C. : International Monetary Fund, 2004Description: 1 online resource (84 p.)ISBN: 145181139X :ISSN: 1934-7685Subject(s): Fiscal Policy | International Monetary Fund | Macroeconomic Stability | Price Stability | Public Enterprises | AlgeriaAdditional physical formats: Print Version:: Algeria : Selected Issues and Statistical AppendixOnline resources: IMF e-Library | IMF Book Store Abstract: Algeria remains heavily dependent on the hydrocarbon sector and still maintains a sizable and inefficient state-owned enterprise sector. Against this background, the paper addresses two different issues with important implications for macroeconomic stability in Algeria. The paper proposes the replacement of directed credit to large loss-making public enterprises with temporary and explicit budget subsidies. It also shows that money, volume of imports, and weather conditions have a strong impact on price movements in the short term, whereas the exchange rate has none.
Algeria remains heavily dependent on the hydrocarbon sector and still maintains a sizable and inefficient state-owned enterprise sector. Against this background, the paper addresses two different issues with important implications for macroeconomic stability in Algeria. The paper proposes the replacement of directed credit to large loss-making public enterprises with temporary and explicit budget subsidies. It also shows that money, volume of imports, and weather conditions have a strong impact on price movements in the short term, whereas the exchange rate has none.
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