Middle East Economic Survey

VOL. LII

No 10

9-Mar-2009

ALGERIA

Algeria Must Accelerate Diversification To Insure Against Low Oil Prices, Says IMF

Algeria urgently needs to accelerate structural reforms to diversify its economy and boost non-hydrocarbon growth, in light of the collapse in international oil prices, the IMF said after concluding its annual Article IV consultation on 21 January. Non-hydrocarbon growth has been solid, inflation low and the countrys fiscal and external positions strong,...