Algerian monetary financing may stoke inflation, warns IMF

Bank of Algeria
Bank of Algeria building in Béjaïa, Algeria

Central bank monetary financing in Algeria may lead to higher inflation, accelerate the fall in reserves and hinder the stabilisation of the economy in an environment of lower oil prices, say International Monetary Fund staff in a statement published on March 12.

In September 2017, the Algerian government turned to the Bank of Algeria to finance the nation’s treasury, in support of an expansionary budget for 2018 designed to foster economic growth and reduce unemployment.

IMF mission chief

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: