Middle East IMF Deputy on a working visit in Algeria

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The IMF representative accompanies a team of this international financial institution that will stay in Algeria for a week to update the IMF data on the Algerian economy, said the source.

IMF has stressed, in its latest annual report on the Algerian economy, that Algeria was able to cope with the oil crisis, and that the oil price fall had only a limited effect on growth.

IMF forecasts an improvement until 2021 despite oil price decline that seems to last  over time.

In 2015, the real GDP in Algeria rose by 3.9%, according to the IMF which expects growth of 3.4% in 2016 and 2.9% in 2017.

The growth will rebound as from 2019 until 3.4% in 2021, according to the same projections.

The source also added that hydrocarbon sector, which returned to growth in 2014 after two years of decline, will maintain this upward trend in the next five years.

 

 

Adel Ben Guessoum  

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