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In its survey on investment trends in the world released Thursday, the UNCTAD stressed that “the liberalization of investment systems and the privatization of Stated owned assets would boost FDI flows” into Africa and referred to the example of Algeria.
The shift in investment policies and reconfiguration of the capital share of state-owned companies should help Algeria attract more FDI.
UNCTAD expects an increase in flows into Algeria as Sonatrach group is going to transfer shares in 20 oil and gas fields. However, the UNCTAD did not forecast FDI volume in 2016.
This recovery will occur after a decrease in 2015 in terms of flows, i.e. USD -587 billion against USD 1.5 billion in 2014, according to estimates published in last June by the UNCTAD.
The survey points out that the removal of barriers to investment in several African countries, including Algeria should help attract more FDI to the continent.
Source: UNCTAD optimistic about recovery of IDF flows into Algeria – World News Report – EIN News
