ALGERIA: ENERGY REVENUE DROP IMPERILS ECONOMIC RECOVERY AND NASCENT POLITICAL STABILITY
Wed, 15 April 2020
Massive budget cuts, energy sector investment withdrawals, and banking sector reforms are aimed at avoiding a depletion of foreign exchange reserves and seeking new revenue sources. Such measures may be insufficient to stave off a severe economic crisis in Algeria, where the military is leveraging coronavirus lockdowns to entrench its position, thus aggravating relations with the temporarily muted Hirak protest movement.
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