Algeria aims to accelerate the diversification of its economy and reduce its dependence on oil and gas, by expanding investments in productive sectors and promoting non-hydrocarbon exports. In its assessment of the Algerian economy, the International Monetary Fund identified 3 main paths to support this change, which are:
- Improving the direction of public investments towards the projects with the highest returns.
- Expanding opportunities for the private sector to increase production and exports.
- Controlling public finances and rebuilding precautionary reserves to deal with fluctuations in fuel revenues The importance of diversification comes as Algeria occupies the forefront of energy exporters in Africa, and is closely linked to European energy markets, according to the fund. Details: