OBG report underlines Algeria’s efforts to strengthen economy


APS : Wednesday, 24 January 2018

ALGIERS– Oxford Business Group (OBG) has presented Wednesday in Algiers its Report 2017 on Algeria, in which it underlined the State’s efforts to strengthen and diversify its economy following the collapse in oil prices.
The 200-page report, which assesses the economic development of the country, comprises analyses and interviews on the sectors of energy, financial services, industry, agriculture, real estate and transport.
The document, which includes an interview given by President of the Republic Abdelaziz Bouteflika to OBG, emphasized public sector’s growing economic contribution in GDP (gross domestic product), especially the role of small and medium-sized enterprises (SMEs) following the new measures.
In its report, OBG also focused on the challenges facing the Government in its effort to reduce budget deficit.
The sector of hydrocarbons was widely covered by the report, which underlined the substantial investments made as part of the double plan aiming at meeting the domestic needs and boosting exports.
The Report also includes interviews given by senior officials, namely Minister of Finance Abderrahmane Raouya, Minister of Public Works and Transport Abdelghani Zaalane, the Governor of the Bank of Algeria, Mohamed Loukal, the CEO of the national hydrocarbon company SONATRACH, Abdelmoumen Ould Kaddour and the head of Algerian Business Managers (FCE), Ali Haddad.
As regards the sector of financial services, the report cited the new Money and Credit Law, the nonconventional financing, the establishment of the legal framework for Islamic finance, and the e-payment
As for the sector of industry and mining, the OBG underlined the Government’s efforts to boost domestic production and car industry.

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