ALGERIA AMONG TOP FIVE AFRICAN COUNTRIES IN PUBLIC-PRIVATE PARTNERSHIPS

WASHINGTON, -- Algeria is among the top five African countries to have recorded the most public-private partnership (PPP) projects during past 15 years, according to the latest annual report on the economic development in Africa from the United Nations Conference on Trade and Development (UNCTAD).

The report released here Thursday ranked Algeria fifth in terms of investments under PPP projects with an amount of 13.2 billion US dollars being recorded for 1990-2015 period. In Africa, Algeria is behind only Nigeria, Morocco, South Africa and Egypt in this respect.

The UNCTAD study, which examined PPP projects in 52 African countries, showed that the top five countries accounted for almost two thirds of the total value of investments in PPPs, while half of the continent (27 countries) had investments of less than a billion US dollars.

The PPP projects launched in Africa ranged from simple service contracts to large scale concessions and infrastructure projects. The majority of partnerships, around 70 per cent, were for infrastructure development, according to UNCTAD.

Algeria was also ranked by UNCTAD as being among the least indebted countries in Africa. The report deals with the complex problems of growth in Africa and the continent's needs in terms of financing.

Between 2011 and 2013, Algeria's foreign debt amounted to only 2.8 per cent of national income, or 5.59 billion USD, according to the UNCTAD figures.

Source: Name News Network