VOL. XLIII

No. 43

23-OCTOBER-2000

ALGERIA

Algerian Bank Reform Under Way But Progress Hindered By Public Sector Legacy

Algerias banking sector still largely operates in a non-competitive environment as the financial credit instrument for inefficient state-owned enterprises (SOEs), but the introduction of new legislation and small but significant steps away from centralized control suggest that times are changing. Algerias financial sector is still largely controlled by five major public sector...