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In February 2013 the IMF called on the Algerian authorities to take a number of measures to strengthen the financial system, including boosting banking intermediation and further tackling non-performing loans (NPLs) at public banks. The country benefits from a sizeable and liquid banking sector, but key indicators for activity and usage remain...

In terms of performance and, particularly, potential, Algeria is a major player in hydrocarbons. According to BP’s “Statistical Review of World Energy 2013” (SRWE), it ranked 15th among the world’s oil producers in 2012, with output of almost 1.7m barrels per day (bpd), 1.8% of the global total. Its performance in natural gas ranked it ninth, with...

Against the backdrop of a large government home-building programme, state banks are stepping up the role they play in housing and real estate finance. Outside of the public housing segment, cheap long-term mortgages are available, in particular from public banks, though retail mortgages are dwarfed by state spending on housing and supply remains an...

Algeria’s foreign relations are transforming as the country expands its trade and economic partnerships outside of Europe and North America and assumes a greater role in regional political and security issues.

Since the country gained independence more than 50 years ago, Algeria’s economy has evolved significantly, but it has only been in recent years that its heft as an investment destination has tangibly changed, and for the better. Algeria has been following something of a contrary approach to much of the rest of the world over the past few years. Even...

As they are throughout North Africa – and indeed, much of the emerging world – subsidies remain a major driver of fiscal expansion in Algeria and have become a balancing act between minimising hardship for lower-income groups and avoiding a large rise in fiscal deficits. Algeria is luckier than most countries, with significant hydrocarbons revenues...