The drastic oil price decline as of mid-2014 had a considerable impact on Algeria’s domestic and external balances, reflected in record current and fiscal deficits and, consequently, in the significant erosion of fiscal savings and reserves. Subsequently, the shock leaked to the banking sector, through sustained liquidity contraction.
What strategies is the banking sector employing to encourage the growth of small and medium-sized enterprises (SMEs) in Algeria?
We were expecting initial public offerings (IPOs) to be among the key priorities for the development of Algeria’s financial sector over the past year, and we have finally begun to see notable progress on that front: currently four state-owned companies are finalising the process and will likely be joined by a highly reputable private...
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