CHAPTER FOUR: ECONOMIC GOVERNANCE AND MANAGEMENT 405. International Conventions on Copyright, Intellectual Property Rights and Industrial Property Rights: See Chapter Five on corporate governance in this report. ii. Findings of the CRM 406. The various joint IMF/World Bank missions have conducted assessments in Algeria on most standards and codes under the Finance Sector Assessment Programme (FSAP). The CSAR should, as far as possible, have indicated the level of conformity of each section or principle of the standards and codes. As far as the other standards and codes are concerned, the information provided is generally descriptive. 407. Code of Good Practices on Fiscal and Budgetary Transparency. The FSAP of the IMF/World Bank recognises a series of internationally acceptable standards on transparency policy laid down by the IMF. These standards can be divided into three groups: (i) Transparency of data: The IMF Special Data Dissemination Standards (SDDS) and General Data Dissemination System (GDDS). (ii) Budgetary transparency: The IMF Code of Good Practices on Transparency in Public Finances. To this end, the Algerian authorities have accelerated the modernisation of budgetary processes under the aegis of the FSAP. A plan of action was introduced to implement the recommendations of the Report on the Observance of Standards and Codes (ROSC) in public finances. (iii) Transparency of monetary and financial policies: The IMF Code of Good Practices on Transparency in Monetary and Financial Policies. 408. The Ordinance of 26 August 2003 on money and credit and the Ordinance of 2001 were described by the IMF team as being possibly detrimental to the autonomy of the Central Bank of Algeria from an operational and financial standpoint. Algeria has also not yet completely subscribed to the IMF/World Bank SDDS and GDDS. In collaboration with the Ministry of Finance, the National Bureau of Statistics and the Central Bank of Algeria, the authorities have prepared a detailed response stating their plan to take charge of the ROSC report on the issue. Achieving the objectives will largely depend on the institutions‟ ability to overcome capacity constraints and accelerate reforms. The CRM noted that there generally seemed to be a need for regular communications in announcing government monetary policies. 409. Debt management guidelines and sustainability. All guidelines for public debt management that were introduced by the IMF/World Bank at the request of the International Monetary and Finance Committee (IMFC) are aimed to help countries design reforms to improve the quality of their public debt management and reduce their vulnerability in the face of internal and external financial shocks. 410. With the increase in crude oil prices and the resulting increase in oil export revenue, Algeria has pursued a policy of anticipated debt repayment, thus 134