This is a summary note relating to the last report of the Bank of Algeria on the economic and financial situation of the country at the end of 2017. It is a photograph of Algeria’s economic and financial situation as it stands today. 1.- According to the Governor of the Bank of Algeria in his […]
Stronger energy earnings, efforts to curb imports and increased tax revenue saw Algeria’s economy move onto a more solid footing in 2017; however, the country’s ongoing reliance on hydrocarbons revenue continues to leave it exposed to external shocks. Algeria: Year in Review 2017 A positive return from the energy sector continued to drive growth this […]
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The Prime Minister has highlighted in his speech to the National Assembly, this September 21, 2017, the general lines of his comprehensive economic program. This present and brief analysis is a contribution to the debate by recalling that the amended Law on Money and Credit states that “the Bank of Algeria may, within the limits and under the conditions laid down by the Council of Money and Credit, intervene in the money market, including buy and sell government securities and private assets eligible for rediscounting or advances”. Now, the new version allows the Bank of Algeria to “lend directly” to the Treasure. In our view, this would imply as far as Security and Development: Ten Truths on the Algerian Economy.