Report
The impact of COVID-19 on the Algerian economy has demonstrated the need for accelerating reforms.
The impact of COVID-19 on the Algerian economy has demonstrated the need for accelerating reforms.
The Algerian government and World Bank have organized webinars to discuss DRM prioritization and international best practices.
The Algerian economy contracted in 2020 due to measures to contain the pandemic and a significant fall in hydrocarbon production.
Country Director for the Maghreb and Malta
The report "Navigating the COVID-19 pandemic, engaging structural reforms" presents an overview of Algeria’s recent macroeconomic developments and of its short-term economic outlook.
GDP growth is projected to be 0.6% in the region in 2019, a fraction of what is needed to create enough jobs for the fast-growing working-age population in the Middle East and North Africa region.
The World Bank’s biennial Poverty and Shared Prosperity report finds that the rate of extreme poverty in the MENA region rose from 3.8% in 2015 to 7.2% in 2018 — the latest year for which data is available.
World Bank economists expect economic growth in the Middle East and North Africa (MENA) to continue at a modest pace of about 1.5 to 3.5 percent during 2019-2021, with some laggards and a few emerging growth stars.
