World Bank2013-08-122013-08-122003-05https://hdl.handle.net/10986/14999This study is part of a series of analytical works on Algeria prepared by the Bank, with the aim of laying out the framework, and facilitating the dialogue for elaborating the Bank's Country Assistance Strategy for Algeria. Companion studies include: "A Private Sector Development Strategy Note: A Diagnostic on Foreign Direct Investment in Algeria" (FIAS). This report is divided into three parts. It presents a diagnostic of the slow growth performance, by benchmarking Algeria's performance against other comparator countries, with the aim of identifying the key bottlenecks to better long-term growth performance in Algeria". Building on this analysis, experience from transition economies, and diagnostics in the companion reports, the second part reviews options in structural reforms to encourage the development of the private sector, by strengthening the investment climate and furthering Algeria's transition to the market. the third part examines options to strengthen the fiscal framework, to insulate the fiscal stance from volatile hydrocarbon fiscal revenues and secure fiscal sustainability, so as to achieve a sustained acceleration of growth. More technical background material of the analysis is presented in the annexes, in volume two.en-USCC BY 3.0 IGOADVERSE CONSEQUENCESAGRICULTUREASSET MANAGEMENTBAD DEBTSBALANCE SHEETSBANK DEPOSITSBANK FAILURESBANK LOANSBANKING SECTORBENCHMARKINGBORROWINGBUDGET DEFICITSBUREAUCRATIC BEHAVIORCOMMAND ECONOMYCOMPETITIVENESSCONSENSUSCONSOLIDATIONCREDIT CULTUREDEBTDEBT SERVICEDECREESDEPOSITSDEVALUATIONDEVELOPMENT STRATEGYECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC INFORMATIONECONOMIC PERFORMANCEEMPLOYMENTENTERPRISE RESTRUCTURINGEXCHANGE RATEEXPENDITUREEXPORTSFACTORINGFINANCIAL INSTITUTIONSFINANCIAL MANAGEMENTFINANCIAL RESOURCESFINANCIAL SECTORFISCALFISCAL BALANCEFISCAL DEFICITFISCAL DEFICITSFISCAL MANAGEMENTFISCAL PERFORMANCEFISCAL POLICIESFISCAL POLICYFISCAL REVENUEFISCAL REVENUESFISCAL STANCEFISCAL SUSTAINABILITYFISCAL YEARFOREIGN DEBTFOREIGN DIRECT INVESTMENTFOREIGN INVESTMENTFOREIGN INVESTORSFOREIGN RESERVESFOREIGN TRADEFORMAL EMPLOYMENTGDPGDP PER CAPITAGOVERNMENT AGENCIESGOVERNMENT DEBTGOVERNMENT POLICYGROWTHGROWTH POTENTIALGROWTH RATEHARD BUDGET CONSTRAINTSHIGH UNEMPLOYMENTHOUSINGHOUSING FINANCEHUMAN CAPITALHUMAN CAPITAL INDICATORSHUMAN DEVELOPMENTIMPORTSINCOMEINFORMAL LABORINFORMAL LABOR MARKETINFORMAL SECTORINSTITUTIONAL WEAKNESSESINTEREST RATESINTERMEDIATE INPUTSINVESTMENT CLIMATELABOR COSTSLABOR FORCELABOR MARKETLAWSLEGAL FRAMEWORKLEGISLATIONLEVEL PLAYING FIELDLIABILITY MANAGEMENTLIQUIDATIONLIVING STANDARDSMACROECONOMIC MANAGEMENTMACROECONOMIC POLICIESMACROECONOMIC POLICYMACROECONOMIC STABILITYMARKET DISCIPLINEMONOPOLIESOILOIL PRICESOPEN MARKETSOPPORTUNITY COSTPOLICIESPOPULATION GROWTHPRIVATE SECTORPRIVATE SECTOR INVESTMENTPRIVATIZATIONPRODUCTIVITYPRODUCTIVITY GROWTHPROFITABILITYPUBLIC ADMINISTRATIONPUBLIC ENTERPRISESPUBLIC EXPENDITUREPUBLIC EXPENDITURESPUBLIC GOODPUBLIC INVESTMENTPUBLIC POLICIESPUBLIC SECTORPUBLIC SERVICEPUBLIC SERVICE DELIVERYPUBLIC SERVICESRECAPITALIZATIONREGULATORY FRAMEWORKRISK TAKINGSAVINGSSECURITIESSECURITIES MARKETSSOCIAL SECTORSSOCIAL SECURITYSOCIAL STABILITYSTATE ENTERPRISESSTATE-OWNED ENTERPRISESTAXTOTAL FACTOR PRODUCTIVITYTRADE LIBERALIZATIONTRANSITION ECONOMIESTRANSPARENCYUNEMPLOYMENT RATEUNFAIR COMPETITIONWTO ECONOMIC GROWTHMACROECONOMIC STABILITYFACTOR PRODUCTIVITYASSET RETURNSPRIVATIZATIONMARKET ECONOMYBANK RESTRUCTURINGMANUFACTURING PRODUCTIONTRADE LIBERALIZATIONTRANSITIONAL ECONOMIESGROWTH POLICYACCESS TO CREDITINVESTMENT ENVIRONMENTBUSINESS SERVICESPRIVATE SECTOR DEVELOPMENTMINING SECTORCOMPETITIVENESSENABLING ENVIRONMENTFISCAL POLICYFISCAL SUSTAINABILITYFISCAL MANAGEMENTDEBT MANAGEMENTWorld Bank10.1596/14999