Algeria made significant improvements in its main macroeconomic indicators for 201

Algeria made significant improvements in its main macroeconomic indicators for 2011, supported by $ 157 billion of foreign reserves, which resulted in the intensification of public investment, experts said Thursday. Confirming the government’s growth prospects, the World Bank says in its latest “Global Economic Prospects 2011,” that the growth rate in Algeria will increase by 4.1% in 2011 and 2012 against 2.4% in 2010. WB said that Algeria is among the “very rare” countries in the Middle East and North Africa to maintain a positive ratio of its current account balance to GDP which will remain positive with 6.2 % of GDP in 2011 and 3.4% in 2012 against 4.6% in 2010. The WB report confirms the consolidation of Algeria’s key macroeconomic and financial indicators, proposed by the Finance Act 2011, which expects growth of Gross Domestic Product (GDP) of 4% and 6% outside hydrocarbons.