Algerian Radio
The International Monetary Fund (IMF) praised the progress achieved by Algeria in the fields of economic diversification and combating money laundering, emphasizing the robustness of the national economy's short-term economic outlook.
In a statement published following its mission to Algeria from June 16 to 30, within the framework of the 2026 Article IV consultations, the IMF commended "Algeria's efforts in economic diversification, particularly in the mining and agricultural sectors," encouraging the country to "continue reforms aimed at enhancing competitiveness and stimulating private investment."
The Fund also lauded "Algeria's removal from the grey list related to anti-money laundering and combating the financing of terrorism (AML/CFT)," considering it "a significant achievement that reflects a strong political will and sustained reform efforts."
In the financial sector, the IMF highlighted the efforts made to diversify funding sources. The same source explained that "the initial measures aimed at diversifying funding sources are a welcome step, notably the first sovereign issuance of Islamic Sukuk and the upcoming financing from a regional development bank."
Furthermore, the IMF emphasized that Algeria's geographical location and its rich energy resources "could serve as a lever to strengthen its role in the energy market, both at the European and African levels."
Regarding Algeria's short-term economic outlook, the Fund noted that it "remains positive overall, given that high hydrocarbon prices are expected to contribute to an increase in exports and budgetary revenues," projecting that "GDP growth will remain strong at 3.8% during the year 2026."
The same source added that the external deficit is expected to narrow due to the rise in hydrocarbon prices and a decrease in imports.
