What has been the impact of reduced oil revenues on the insurance sector?
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?
What can be done to improve the harmonisation of religious standards and regulations among countries on sharia-compliant products?
While it has only been modestly affected, Algeria’s financial sector has not been immune to the effects of the global oil price shock, which is unsurprising given the impact it has on Algeria’s broader macroeconomic climate over the past two years. The excess liquidity that had insulated the banking industry from external shocks was eroded...
Although the Algerian financial sector’s coverage rates remain healthy – particularly by emerging market standards – the dramatic drop in hydrocarbons receipts since 2014 has brought a swift end to more than a decade of abundant liquidity. As broad money growth contracted to near zero in 2015, banks saw their liquid assets fall to 27.2% of...
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