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Africa Economy
Displaying 1405 - 1410 of 1991
After years of sustained high oil prices and a comparatively prudent fiscal policy – albeit balanced on a high breakeven price – Algeria has built up considerable financial buffers, which will help the country to ride out the current decline in global commodity prices. Declining oil prices have also highlighted the government’s efforts to develop the non-hydrocarbons sector, something it has...
Chapter | Country Profile from The Report: Algeria 2014
Algeria has notable geographic, demographic and cultural diversity. Its territory reaches from the Mediterranean Coast to the depths of the Sahara Desert, and its population includes a blend of Arab and Berber linguistic and cultural traditions. In recent years, Algeria has maintained an impressive degree of stability, with the government focusing on helping stave off further unrest in the...
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.
Economic update | Gabon Bilan de l’Année 2014
26 Dec 2014
Si la diversification de l’économie constitue pour le Gabon un objectif clé dans le cadre de la stratégie du Gabon Émergent, le pays s’est employé en 2014 à augmenter sa production de matières premières, ce qui a contribué au maintien de taux de croissance solides, et ce dans un contexte de climat budgétaire tendu.
Egypt has been making impressive progress in straightening up its balance sheet in recent months. Steep cuts in energy subsidies coupled with a drop in world oil prices have given the Middle East’s most populous country some fiscal breathing space, following three years of increasing budget deficits, mounting debt and reduced foreign currency reserves.