A Medium-Term Macroeconomic Strategy for Algeria : Sustaining Faster Growth with Economic and Social Stability, Volume 1. Main Report

This study is part of a series of analytical works on Algeria prepared by the Bank, with the aim of laying out the framework, and facilitating the dialogue for elaborating the Bank's Country Assistance Strategy for Algeria. Companion studies include: "A Private Sector Development Strategy Note: A Diagnostic on Foreign Direct Investment in Algeria" (FIAS). This report is divided into three parts. It presents a diagnostic of the slow growth performance, by benchmarking Algeria's performance against other comparator countries, with the aim of identifying the key bottlenecks to better long-term growth performance in Algeria". Building on this analysis, experience from transition economies, and diagnostics in the companion reports, the second part reviews options in structural reforms to encourage the development of the private sector, by strengthening the investment climate and furthering Algeria's transition to the market. the third part examines options to strengthen the fiscal framework, to insulate the fiscal stance from volatile hydrocarbon fiscal revenues and secure fiscal sustainability, so as to achieve a sustained acceleration of growth. More technical background material of the analysis is presented in the annexes, in volume two.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2003-05
Subjects:	ADVERSE CONSEQUENCES, AGRICULTURE, ASSET MANAGEMENT, BAD DEBTS, BALANCE SHEETS, BANK DEPOSITS, BANK FAILURES, BANK LOANS, BANKING SECTOR, BENCHMARKING, BORROWING, BUDGET DEFICITS, BUREAUCRATIC BEHAVIOR, COMMAND ECONOMY, COMPETITIVENESS, CONSENSUS, CONSOLIDATION, CREDIT CULTURE, DEBT, DEBT SERVICE, DECREES, DEPOSITS, DEVALUATION, DEVELOPMENT STRATEGY, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC INFORMATION, ECONOMIC PERFORMANCE, EMPLOYMENT, ENTERPRISE RESTRUCTURING, EXCHANGE RATE, EXPENDITURE, EXPORTS, FACTORING, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL RESOURCES, FINANCIAL SECTOR, FISCAL, FISCAL BALANCE, FISCAL DEFICIT, FISCAL DEFICITS, FISCAL MANAGEMENT, FISCAL PERFORMANCE, FISCAL POLICIES, FISCAL POLICY, FISCAL REVENUE, FISCAL REVENUES, FISCAL STANCE, FISCAL SUSTAINABILITY, FISCAL YEAR, FOREIGN DEBT, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENT, FOREIGN INVESTORS, FOREIGN RESERVES, FOREIGN TRADE, FORMAL EMPLOYMENT, GDP, GDP PER CAPITA, GOVERNMENT AGENCIES, GOVERNMENT DEBT, GOVERNMENT POLICY, GROWTH, GROWTH POTENTIAL, GROWTH RATE, HARD BUDGET CONSTRAINTS, HIGH UNEMPLOYMENT, HOUSING, HOUSING FINANCE, HUMAN CAPITAL, HUMAN CAPITAL INDICATORS, HUMAN DEVELOPMENT, IMPORTS, INCOME, INFORMAL LABOR, INFORMAL LABOR MARKET, INFORMAL SECTOR, INSTITUTIONAL WEAKNESSES, INTEREST RATES, INTERMEDIATE INPUTS, INVESTMENT CLIMATE, LABOR COSTS, LABOR FORCE, LABOR MARKET, LAWS, LEGAL FRAMEWORK, LEGISLATION, LEVEL PLAYING FIELD, LIABILITY MANAGEMENT, LIQUIDATION, LIVING STANDARDS, MACROECONOMIC MANAGEMENT, MACROECONOMIC POLICIES, MACROECONOMIC POLICY, MACROECONOMIC STABILITY, MARKET DISCIPLINE, MONOPOLIES, OIL, OIL PRICES, OPEN MARKETS, OPPORTUNITY COST, POLICIES, POPULATION GROWTH, PRIVATE SECTOR, PRIVATE SECTOR INVESTMENT, PRIVATIZATION, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROFITABILITY, PUBLIC ADMINISTRATION, PUBLIC ENTERPRISES, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC GOOD, PUBLIC INVESTMENT, PUBLIC POLICIES, PUBLIC SECTOR, PUBLIC SERVICE, PUBLIC SERVICE DELIVERY, PUBLIC SERVICES, RECAPITALIZATION, REGULATORY FRAMEWORK, RISK TAKING, SAVINGS, SECURITIES, SECURITIES MARKETS, SOCIAL SECTORS, SOCIAL SECURITY, SOCIAL STABILITY, STATE ENTERPRISES, STATE-OWNED ENTERPRISES, TAX, TOTAL FACTOR PRODUCTIVITY, TRADE LIBERALIZATION, TRANSITION ECONOMIES, TRANSPARENCY, UNEMPLOYMENT RATE, UNFAIR COMPETITION, WTO ECONOMIC GROWTH, FACTOR PRODUCTIVITY, ASSET RETURNS, MARKET ECONOMY, BANK RESTRUCTURING, MANUFACTURING PRODUCTION, TRANSITIONAL ECONOMIES, GROWTH POLICY, ACCESS TO CREDIT, INVESTMENT ENVIRONMENT, BUSINESS SERVICES, PRIVATE SECTOR DEVELOPMENT, MINING SECTOR, ENABLING ENVIRONMENT, DEBT MANAGEMENT,
Online Access:	http://documents.worldbank.org/curated/en/2003/05/2390963/algeria-medium-term-macroeconomic-strategy-algeria-sustaining-faster-growth-economic-social-stability-vol-1-2-main-report https://hdl.handle.net/10986/14999
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