Algeria expressed concerns Saturday, in Washington, about a possible halt to the accommodating monetary policy in the United States that may lead to market volatility and capital outflow from developing countries.
There are also legitimate concerns about a normalization of US monetary policy undertaken "at a very quick pace," said the governor of the Bank of Algeria (BA), Mohamed Laksaci, at a plenary session of IMF's Monetary and Financial Committee.
The end of this softening monetary policy may result in negative market responses, including capital outflow destabilizing emergent economies," the governor of the Bank of Algeria stressed.
Laksaci was speaking on the behalf of a seven-country group Algeria represents within the International Monetary Fund's committee, and which is made up of Afghanistan, Ghana, Tunisia, Pakistan, Iran and Morocco.
Such fallouts could also be triggered by a potential increase in geopolitical risks, Laksaci said.