“Algeria taking “significant steps” to improve management of public investments,” IMF

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“Algeria has taken “significant steps” in the past decade to improve the management of public investment,” the International Monetary Fund (IMF) said in its latest assessement of the Algerian economy under its Article IV consultations.

 

In this aspect, IMF pointed out that Algeria still has opportunities to get rid of its dependency on oil, paving the way for the diversification of economy thanks to an economic policy mix combining budget adjustments and growth.
The Fund also broached an alternative scenario for the economic recovery in Algeria which should gradually reduce the deficit and bring the public debt to below 40 per cent of the gross domestic product (GDP) in the medium term.

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