VOL. XLVII

No 06

9-February-2004

ALGERIA

BUDGETS AND REVENUES

Algerian Economy Maintains Stability, Buoyed By Strong Oil Revenues In 2003, Says IMF

The Algerian economy has maintained macroeconomic stability thanks to strong oil revenues and despite a difficult political and social environment, the IMF has said following annual Article IV consultations. Real GDP growth has recovered from the slowdown in 2000 to hit 6.7% on the back of strong oil revenues and an exceptional harvest in 2003....