01807cas a2200241 a 4500 AALejournalIMF016797 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484358436 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Algeria : 2016 Article IV Consultation-Press Release and Staff Report. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (63 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses the recent economic developments, outlook, risks, and policies required to foster sustainable economic growth of Algeria. Growth was sustained in 2015 while inflation picked up. The budget deficit reached a record high in 2015 because of the collapse in hydrocarbon revenues and a significant fiscal expansion. Beyond 2016, the outlook hinges on the strength of the policy response to the oil price shock. The collapse in oil prices points to the urgent need to reshape Algeria's growth model. Algeria needs to undertake ambitious and sustained consolidation combined with a critical mass of structural reforms to diversify its economy and promote private sector-led growth and job creation. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/127 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/127/002.2016.issue-127-en.xml IMF e-Library