ALGERIA

ALGERIA : TIME TO TAKE A CLOSER LOOK NOW ECONOMIC HEALTH ALLOWS ALGIERS TO LEND $5 BILLION TO THE IMF !

50 YEARS AGO ALGERIA COMMEMORATED ITS FIRST NATIONAL DAY ON INDEPENDENCE.

THIS YEAR THE COUNTRY CAN MARK THIS ANNIVERSARY BY DISPLAYING AN IMPRESSIVE ARRAY OF ECONOMIC FIGURES AND AN EMERGENT INTERNATIONAL ECONOMIC INFLUENCE.

ANOTHER REASON FOR ALGERIA TO CELEBRATE 2012 IS ITS IMMEDIATE PROPULSION TO BEING AN INTERMEDIATE DONOR COUNTRY TO THE IMF.

KEY FIGURES AS FOLLOWS :

  1. GDP TRIPPLED TO REACH $168 BILLION LAST YEAR.
  2. CURRENCY RESERVES OF $182 BILLION.
  3. GOLD RESERVES OF $10 BILLION.
  4. ALGERIA NON-OIL EXPORTS DOUBLE TO $2BILLION.
  5. 1.3 MILLION NEW JOBS CREATED.
  6. ALGERIA CONTRIBUTES $5 BILLION TO IMF.
  7. REFORMS FACILITATE NEW BUSINESS CREATION.
  8. NEWLY FORMED NATIONAL INVESTMENT AGENCY TO BOOST GROWTH.

WITH THE POPULATION EXPECETD TO REACH MORE THAN 38 MILLION BY 2015 AND THE UNDER 30s MAKING UP 60% OF THE TOTAL, ALGERIA’S DOMESTIC MARKET WILL BE A BOOMING INVESTMENT OPPORTUNITY ACROSS MANY SECTORS.

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