Despite rebounding since the pandemic, Algeria’s economy remains vulnerable to fiscal risks caused by its “overreliance” on hydrocarbons, the IMF has warned.
In its latest annual Article IV report, the IMF praised the Algerian economy’s “strong recovery,” driven by higher oil prices and increased public spending, particularly ahead of the 2024 presidential election (MEES, 13 September 2024). (CONTINUED - 728 WORDS)
