Home > Catalogue > Annali di Ca’ Foscari. Serie orientale > 55 | 2019 > Algeria and the Washington Consensus: Debtor-Creditor Relation Re-Examined
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Algeria and the Washington Consensus: Debtor-Creditor Relation Re-Examined

Francesco Saverio Leopardi    Alma Mater Studiorum Università di Bologna, Italia    

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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.

Published
June 28, 2019
Accepted
April 12, 2019
Submitted
March 1, 2019
Language
EN

Keywords: Debt ReliefWashington ConsensusInternational Monetary FundAlgeriaWorld Bank

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.