Algeria to Cope With Effects of Drop in Oil Prices Through Sound, Strict Policy

26 Feb 2016   Algeria

┬áPresident of the Republic Abdelaziz Bouteflika affirmed Wednesday that Algeria is determined to “cope with the effects of the drop in oil prices through a sound and strict development economic policy.” “We have no plans to give up the necessary rigour to manage public resources and rationalize our financial options. I would like to affirm that we are determined to cope with the effects of the drop in oil prices through a sound and strict economic development policy,” said President of the Republic in a message to the Algerian workers on the occasion of the celebration of the 60th anniversary of the nationalisation of hydrocarbons, read on his behalf by Benamar Zerhouni, adviser to the Presidency of the Republic. “In spite of the acuteness of the crisis, Algeria is not planning to stop investing in the success factors of economic development and even less abandon its basic […]

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