ALGERIA

IMF Sees Algeria’s GDP Growth At 2.5% In 2011 And 3.5% In 2012

Algeria’s growth in 2011 is estimated to have remained solid and higher oil prices have strengthened the country’s external balance and boosted its fiscal revenue, the International Monetary Fund (IMF) said on 27 January in its Article IV Consultation with Algeria. The IMF noted that the ripple effects of the Public Investment Program are expected to maintain non-hydrocarbon growth at about 5% and to...