The decision by authorities to embark on a programme of monetary financing towards the end of 2017 marked somewhat of a turnaround in a difficult year for Algeria’s banks. A competitive dynamic has remained in recent years, with no new entrants, exits, mergers, acquisitions or privatisations of note. In fact, early 2018 saw the government...
Since achieving independence in 1962, Algeria has pursued an activist foreign policy, pushing interests of developing countries through the Non-Aligned Movement, as well as in groups like the G-77. Current president of the republic, Abdelaziz Bouteflika, served as the 29th president of the UN General Assembly in 1974 during his lengthy term...
Under its constitution, which was last amended in 2016, Algeria is a semi-presidential republic, with a president acting as head of state and a prime minister acting as head of government. Elected for a five-year term, the president is empowered to appoint the prime minister and a council of ministers, following consultation with the...
Algeria’s population reached 42.3m by the end of 2018, making it the second-largest country in North Africa after Egypt, which surpassed 100m earlier in the year. With demographic growth of 1.7% in 2017, Algeria’s Ministry of Health expects that the population will reach 51m by 2030. The population remains relatively young, with a median age...
Agriculture in Algeria is primarily rain-fed and often suffers from droughts, which have worsened in recent years due to climate change. The government, therefore, has plans to expand irrigation networks to cover 2m ha, or 25% of arable land, by 2021 – 700,000 ha more than the 1.3m ha irrigated in 2018. This need was recognised some years ago...
A number of driving forces are behind Algeria’s efforts to boost domestic agricultural output and cut the food import bill. First, the country is looking to diversify away from its dependence on hydrocarbons revenue, given fluctuating international oil prices; second, the population is forecast to rise by 25% to nearly 50m people by 2030, thus...
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