A key focus of spending under the government’s 2010-14 five-year development plan has been the modernisation and development of Algeria’s public transport facilities. Among other projects, the state plans to invest more than AD447bn (€4.3bn) in the construction of tramway systems for 14 cities nationwide, with the aim of emulating the success of the...
How can Algeria improve both knowledge transfer and local participation in large-scale projects?
While Algeria has made significant improvements to key elements of its transport infrastructure, a rise in international cargo flows in recent years has put pressure on the country’s ports. Despite experiencing a minor slowdown in maritime traffic in 2008, national port traffic increased from 117.9m tonnes in 2010 to 118.1m tonnes in 2011, according...
In addition to reforms made to the country’s monetary policy framework, the new legal measures relating to money and credit taken in 2010 (order no. 10-01 of August 26, 2010) have strengthened the legal anchoring of financial stability as an explicit mission of the Bank of Algeria.
After three rather disappointing bidding rounds and increasingly lacklustre interest from international oil and gas companies, Algeria’s minister of energy and mines, Youcef Yousfi, declared towards the end of 2011 that the country needed to review its hydrocarbons legislation. Algeria’s Council of Ministers approved changes to its 2005 Hydrocarbons...
In July 2012 the European Central Bank and the Central Bank of China reduced interest rates. What does this mean for these economies?
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