In many ways, Algeria finds itself in an enviable economic position, particularly when compared with its regional neighbours. It holds the fourth-largest oil reserves and the second-largest natural gas reserves in Africa. Ample hydrocarbons revenue has allowed the government to channel capital into public expenditure programmes on infrastructure, health care, education, social housing and subsidies.
To what extent has the establishment of the competition council allowed the Algerian government to reinforce its role as strategic regulator?
As a market of about 38m inhabitants with substantial energy resources and steady demand for modern infrastructure supported by massive public investment, Algeria has been attracting strong interest from foreign investors over the last few years. During 2009, in the context of the global economic crisis, Algeria saw a fall in revenues from its oil...
Considerable oil and gas revenues have provided the Algerian government with sufficient funds to embark on generous public spending programmes in nearly all sectors, leading to improvements in many of the country’s headline indicators.
What additional efforts are needed to improve the rights and regulatory environment for investors?
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