“Algeria Investment report,” is a 28-page document distributed in Washington on the occasion of the annual meetings of the International Monetary Fund (IMF) and the World Bank, published a series of articles on the efforts of Algeria which tries to forge a new economic attractiveness focusing on partnership, expertise and foreign investment.
Algeria, which experienced a tragic liberation war and a decade of terrorism, succeeded under the leadership of President Abdelaziz Bouteflika to start from 1999 a series of economic reforms intended to create the added value in the sector of industry, to reduce imports and to attract foreign direct investments, according to the document.
These measures were backed by other political reforms as the lifting of the state of emergency, the broadening of the quotas of women in the elected assemblies and the increase in public subsidies.
“Algeria hopes to become a hub where Africa, Europe, Asia and America converge, and it is heavily investing at the economic and social levels to achieve it,” said the source.
Algeria, as a regional strength and a big partner of the United States of America in the fight against terrorism, is a stable country able to attract more investments, added the source.
To achieve it, the government has launched a new model of growth, accurately combining economic patriotism, expertise and foreign investment.
Source: Algeria, force for peace, in search of emergence – World News Report – EIN News
