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Latest Algerian customs and oil data starkly illustrate the extent of the country’s economic meltdown and the challenge facing the country’s officials.
President Abdelaziz Bouteflika – who hasn’t been seen in public in four years, fueling rumors that he may no longer be running the show – has replaced a string of senior officials in recent weeks. Last week’s appointment of Noureddine Bouterfa as energy minister came just a year after his predecassor’s appointment (MEES 17 June). The two most senior economic officials – the finance minister and central bank chief – have also been replaced.
But, whoever is making the decisions, the scale of the challenge is daunting.
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