Annali di Ca’ Foscari. Serie orientale

Journal | Annali di Ca’ Foscari. Serie orientale
Journal issue | 55 | 2019
Research Article | Algeria and the Washington Consensus: Debtor-Creditor Relation Re-Examined

Algeria and the Washington Consensus: Debtor-Creditor Relation Re-Examined

Abstract

Algeria’s experience with liberal economic reforms occurred while the country faced its worst crisis due to the civil conflict between the army and Islamist insurgents. The study of Algeria’s debt relief process, from loan negotiation to the implementation of adjustment packages, is key to understand how the aid received enabled the Algerian authorities to survive the crisis and renew their patronage networks. Focusing on Algerian relation with International Financial Institutions, this paper provides a political analysis of this process. As a result, the creditors’ favour for stabilisation and their political priorities emerge as factors that increased the leverages of the Algerian authorities.


Open access | Peer reviewed

Submitted: March 1, 2019 | Accepted: April 12, 2019 | Published June 28, 2019 | Language: en

Keywords International Monetary Fund • World Bank • Washington Consensus • Debt Relief • Algeria

Copyright © 2019 Francesco Saverio Leopardi. This is an open-access work distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction is permitted, provided that the original author(s) and the copyright owner(s) are credited and that the original publication is cited, in accordance with accepted academic practice. The license allows for commercial use. No use, distribution or reproduction is permitted which does not comply with these terms.

Permalink http://doi.org/10.30687/AnnOr/2385-3042/2019/01/005


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