IMF review: Progress and challenges in Algeria’s economic landscape

The International Monetary Fund (IMF) released an assessment of Algeria's economy on November 3, 2026, highlighting significant progress in diversifying away from hydrocarbons. The team, led by Haris Tsangarides, noted that non-oil and gas exports have grown steadily over the last decade. While the document acknowledges ongoing reforms—such as administrative digitalization, improvements in land management, and investments in agriculture and mining—it stresses that reliance on hydrocarbons remains a structural challenge. To further diversify, the IMF recommends fostering a more competitive private sector, improving access to credit, and ensuring a level playing field for all businesses. The report also highlights the need for fiscal discipline, urging for better public spending efficiency and higher non-hydrocarbon tax revenues. The IMF’s outlook projects a 3.8% real GDP growth for 2026.