Demand for World Bank funding in MENA was up in 2018 as The World Bank responded to strong demand from countries in the Middle East and North Africa region (MENA) for development finance, global expertise and innovation during the financial year that ended on June 30th, 2018. In addition to US$6.3 billion in new financial […]
Shadow economy or as labelled Informal Economy in the North African countries of the MENA region commands, according to the local media, some 30 to 50% of their respective economies. It has historically been taken for a long time as the main cause responsible for economic backwardness of the under-developed countries of the world. These countries’ government in a bid to reduce its importance, were at pains trying to draw sizable segments out of the informal sphere of their economies and insert them into economies that are very often stiffened by red tape and / or lacking capital fluidity.
Meanwhile, advances in technology and its increasing coverage would possibly be working the other way around, meaning towards informalizing further all economies by facilitating amongst many things the easy transfer and exchange of money, etc.
This article of the WEF by Charlotte Edmond, Formative Content is explicit about this phenomenon as witnessed in certain countries. This however would obviously apply all over the world but at varying degrees.
A surprising appointment of a New Prime Minister was decided upon yesterday by the presidency of the republic in replacement of the previous three months old government.
Any project is necessarily represented by political, social and economic forces otherwise it would be doomed to failure. The major challenge for Algeria at this conjecture would mean Algeria in need of foresight and adaptation strategies to implement operational instruments capable of identification so as to anticipate changes in the behaviour of the economic, political and social actors at geostrategic level.
There is a dialectic link between development and security, because without sustainable development there is necessarily increase of insecurity that has rising costs. Algeria per the reckoning of many international experts has the full potential, subject to far-reaching reforms, to establish a diversified economy responsible for the creation of sustainable jobs and therefore lead towards more stability not only of the country itself but of the entire region.