Algeria’s Development Plan Projects 7% Growth

Algeria’s new development plan (2015-19) will target an average annual growth rate of 7%, compared to a realized growth rate of 4% in the current plan (2010-14), Prime Minister ‘Abd al-Malik Sillal said on 1 June, as he unveiled details of the new plan to parliament.

Mr Sillal’s first preview of the plan comes just over a month after the 17 April presidential elections which returned President Abdelaziz Bouteflika for a fourth term of office. In addition to focusing on reviving the economy, the plan will stress national security and stability and boost reconciliation and national dialogue. The plan will also introduce political and economic reforms which were promised by the president before his reelection. Laws are to be enacted to enhance productive investment and help in diversifying the national economy. (CONTINUED - 700 WORDS)

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table Algeria: Trade Data ($Bn)