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.

Lower House adopts bill on money, credit

Sunday, 08 October 2017 19:43
ALGIERS- The bill on money and credit was adopted Sunday by the majority of the members of the People’s National Assembly (Parliament’s Lower House) in a plenary session chaired by the speaker of this institution Said Bouhadja, in the presence of Minister of Finance Abderrahmane Raouya.
EL OUED- Minister of Agriculture, Rural Development and Fishing Abdelkader Bouazgui stressed Sunday, in El Oued, the need to encourage aquaculture activities as an additional resource for the national economy.
MOSCOW-Russian Prime Minister Dmitry Medvedev said Sunday that Algeria and Russia had "opportunities" to boost their "mutually beneficial partnership in many areas," stressing that Algeria is a “very reliable partner that plays a key role in Africa."
ALGIERS- The amount of loans that the Treasury would take out from the central Bank, as part of the nonconventional financing, has not been set yet, but it will be "very limited" in order to prevent inflation, said Sunday in Algiers Minister of Finance Abderrahmane Raouya.
MOSCOW (Russia)– Russia and Algeria ambition to bring a fresh dynamic to their economic partnership by expanding the scope of their bilateral cooperation, on the occasion of Russian Prime Minister Dmitry Medvedev's visit to Algiers.
ALGIERS-Minister of National Solidarity, the Family and Women's Affairs Ghania Eddalia announced Saturday in Algiers the creation of a national network of the beneficiaries of microcredits granted by the National Micro-Credit Management Agency (ANGEM), which plays a key role in diversifying the national economy.
ALGIERS- Finance and Budget Committee of the People’s National Assembly held, Saturday, a meeting to examine six (06) amendments introduced to the bill completing the order 03-11 relating to money and credit, which were submitted to it on Friday by the Lower House office, said a house’s statement.
ALGIERS-Finance Minister Abderrahmane Raouia said Friday the ministry forecasted a downward trend in the inflation rate until 2020, and stressed that the government followed with interest this phenomenon and endeavoured to control all responsible factors.
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.