Related Articles
IMF Expresses Concern over Impact of Lower Oil on Algerian Economy
“Algeria continues to face important challenges posed by lower oil prices (…) and growth in the nonhydrocarbon sector slowed under the effects of spending cuts”, says the International Monetary Fund (IMF). Inflation increased from 4.8 pc in 2015 to 6.4 pc in 2016 and stood at 8.1 pc year-on-year in January 2017. As to unemployment, […]
CAR’s leader replaces chief of Constitutional Court despite opposition
Faustin-Archange Touadera, President of Central African Republic (CAR) appointed Monday new Chief of the country’s Constitutional Court amid rejection by the opposition. A decree signed by the president announced the appointment of Jean-Pierre Waboé in replacement of Danièle Darlan, put on retirement late October by the President. In the decree, Touadera indicated that he “ratifies […]
Algeria Resorts to Time-buying Measures to Stave off Bankruptcy
As it heads straight to insolvency, Algeria insists on shunning foreign debt as it resorts to unconventional measures involving the Central Bank money printing to delay an impending bankruptcy in the absence of genuine reforms. After Algerian Prime Minister Ahmed Ouyahia announced a five-year plan to reduce his country’s ballooning budget deficit by borrowing directly […]



