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Research Article

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

Francesco Saverio Leopardi    Alma Mater Studiorum Università di Bologna, Italia    



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.

Keywords: Algeria. World Bank. International Monetary Fund. Washington Consensus. Debt Relief.

Language: en

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

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

Creative Commons License This work is licensed under a Creative Commons Attribution 4.0 International License