ALGERIA: CURRENCY TUMBLES AND FOREX RESERVES DEPLETE AS REFORM AGENDA STALLS

ALGERIA: CURRENCY TUMBLES AND FOREX RESERVES DEPLETE AS REFORM AGENDA STALLS

   Wed, 16 December 2020

The protracted absence of Algeria’s president has undermined the government’s political legitimacy and stalled the reform agenda that was meant to boost economic diversification and halt the depletion of foreign reserves. The Hirak protest movement may be dampened but is far from collapsed, indicating that fresh unrest is likely in 2021 as socio-economic grievances mount.



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