Algeria’s banking sector is characterised by low intermediation and penetration rates, although both have increased dramatically in recent years thanks primarily to ample liquidity stemming from abundant hydrocarbons revenues. The sector’s regulator, the Bank of Algeria (BoA), has licensed 20 banks – including six public banks that essentially...
December’s news that oil and gas prices were descending below their recent historic low inched up the pressure on the government budget. With many major new infrastructure projects rolling out or in the pipeline, too, alongside the ordinary demands of state, the hunt for alternative sources of financing is on in earnest.
Algeria’s banking sector is characterised by low intermediation and penetration rates, although both have increased dramatically in recent years thanks primarily to ample liquidity stemming from abundant hydrocarbons revenues. In light of the rapid decline in hydrocarbons receipts in late 2014, the authorities have accelerated implementation of planned reforms and announced new measures to...
Algeria is a country rich in history and situated in a strategically important region. While its past has at times been turbulent, the last decade has been one of relative peace. Economic growth and development has followed, driven primarily by advances in the hydrocarbons sector.
New corporate governance rules enacted in late 2014 should support stability and transparency in Jordan’s banking industry as well as enhance its activities and relationships in the international arena. The regulations set new standards in critical policy areas, including the structure of boards of directors, family ownership, auditing,...
What factors led the CBJ to lower the benchmark monetary policy rates by 50 basis points in 2015?
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