Economics Affairs

Head of IMF mission welcomes Algeria's reforms in investment, competitiveness and SMEs

APS - 16 March 2017

ALGIERS- The head of the International Monetary Fund (IMF) mission to Algeria Jean Fran´┐Żois Dauphin welcomed Wednesday, in Algiers, the economic reforms carried out by Algeria, notably in terms of investment, competitiveness and small and medium-sized businesses (SMEs).

“I welcome the legislative work done by the sector of industry,” said Dauphin in an audience granted to him by Minister of Industry and Mining Abdesselam Bouchouareb, 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 his visit to Algiers as part of the economic assessment that is carried out by this international financial institution every year for its member countries, under the article IV of its statutes.

On this occasion, the two sides broached the ways enabling Algeria to release its potential for investment development and private sector, notably in these circumstances marked by the drop in oil prices.

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