Algeria

Algeria currently has a very favourable macro-economic situation. The good performance of crude oil prices and the efficacious management of the external debt has helped to fill the States coffers. However, The purchasing power of the inhabitants remains relatively limited. In this context, The government is making an effort to give a boost to activity, To diversify and liberalize the economy and call upon private investment.

The weight of the State is starting to diminish. A number of sectors have been privatized during the past two years. Among them, Telecommunications, Maritime and air transport, Tourism and mining. The last stronghold would seem to be the energy sector. During the years to come, Economic progress will depend on an improvement in the social and political climate and the capacity of the authorities to reassure investors and develop an entrepreneurial class, Especially in the SME domain.

The reforms follow each other relentlessly in an attempt to help the country to revive its growth, And society and businesses win their gamble on the global market. The objective: attract investors from outside the energy sector and escape from the dependence on oil. The reform of the banking system and the restructuring of the industrial domain are some of the priorities set by the authorities. These areas are badly in need of modernization.

Imports remain at a high level in the consumer durable domain. Furthermore, The country is the leading African importer of agro-food products. Despite incontestable assets, Algeria, Compared with the other Mediterranean countries, Has hardly developed its tourist activities, Especially the coastal area (1,200 kilometers of shoreline). The domains of transport and catering are also under-exploited.