ALGIERS- Prime Minister Ahmed Ouyahia said Saturday that the switch towards more domestic borrowing (the unconventional financing) allowed to cut the inflation rate, contrary to what some experts have predicted.
ALGIERS- The enforcement texts on the mechanism of non-conventional financing would be promulgated in late February, Minister of Finance, Abderrahmane Raouya told APS, on the sidelines of the adoption Tuesday of the budget regulation bill of 2015.
ALGIERS-The loans taken out by the Treasury from the Bank of Algeria under unconventional financing enable the State to wrap up the fiscal year 2017 “without major difficulties,” Premier Ahmed Ouyahia said Saturday.
ALGIERS- Minister of Finance Abderrahmane Raouia said Monday in Algiers that the adoption of the unconventional financing method will be accompanied by structural reforms to restore the financial balance over the period set in the bill completing the order 03-11, relating to money and credit, the upper house's Committee on Economic and Financial Affairs said in a statement.
ALGIERS-Finance Minister Abderrahmane Raouia said Thursday resort to unconventional financing would provide additional financing resources for the national economy, and stressed that public authorities would renounce this measure once financial conditions allow.
ALGIERS - President of the Republic Abdelaziz Bouteflika on Wednesday called for a collective consciousness during such a challenging period, to prevent any a stoppage of development process and protect the country’s economic and financial independence, beyond all the differences, including the political ones.