Middle East Economic Survey

VOL. XLVII

No 31

02-August-2004

BUDGETS AND REVENUES

Algerian Government Reverses Policy Of Investing In Large Strategic Projects

The Algerian Government has reversed its policy of investing in giant strategic projects, according to Finance Minister Abdelatif Benachenhou, speaking at a press conference on 26 July. The announcement reverses a policy which has been in place since Algeria began to grow rapidly in the mid-1970s. Mr Benachenhou said that the...