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

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