ALGERIA ECONOMIC REFORMS WELCOMED BY VISITING IMF MISSION

ALGIERS, march 17 (NNN-APS) — The head of a visiting International Monetary Fund (IMF) mission to Algeria, Jean Francois Dauphin, has Wednesday the economic reforms being carried out by the Algerian government, notably in terms of investment, competitiveness and small and medium-sized enterprises (SMEs).

I welcome the legislative work done by the sector of industry, said Dauphin when he met Minister of Industry and Mining Abdesselam Bouchouareb here Wednesday, adding that complementary reforms are necessary, because it is necessary to act at several levels simultaneously.

The meeting between Bouchouareb and Dauphin comes within the framework of the work of the visiting IMF mission which is in the country to undertake its regular Article IV consultations, an assessment carried out by the IMF every year in member countries.

During an Article IV consultation, an IMF team of economists visits a country to assess economic and financial developments and discuss the country’s economic and financial policies with government and central bank officials. IMF staff missions also often meet with parliamentarians and representatives of business, labor unions, and civil society.

During the meeting with Bouchouareb, the two sides discussed ways of enabling Algeria to realise its potential for investment for development and private sector activities, especially in view of the drop in oil prices.

Dauphin called for the implementation of a critical mass of reforms which allow moving forward in several fields simultaneously, whether concerning the improvement of business climate, administrative simplification, digital economy or the improvement of the access to funding.

Source: NAM News Network

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