How would you assess the outlook for Algeria’s financial markets over the medium term?
The drastic oil price decline as of mid-2014 had a considerable impact on Algeria’s domestic and external balances, reflected in record current and fiscal deficits and, consequently, in the significant erosion of fiscal savings and reserves. Subsequently, the shock leaked to the banking sector, through sustained liquidity contraction.
What are the prospects for the development of the capital market in the short and medium term?
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