Algeria in ‘good position to achieve huge economic potentials’   Leave a comment

23/02/2011 :Algeria is on track to achieve its huge economic potentials, but faces the challenge of diversifying its economy, says the World Bank in the document with the new cooperation scheme 2011-2014. ‘

Algeria is now well positioned to achieve its considerable economic potentials, and take a strategic role in the region and contribute to economic integration between North Africa, Europe and sub-Saharan Africa,’ it said in the presentation of the Country Partnership Strategy (CPS), endorsed last Friday in Washington by its board of directors. ‘Algeria’s GDP per capita (4,400 U.S. dollars in 2010) is one of the highest in the countries of the MENA, minus the Gulf Cooperation Council (GCC),’she says. However, observes the Bretton Woods institution, and like other oil producing countries, ‘Algeria faces the challenge of diversifying its economy, in terms of non-oil exports in particular.

Source: marweb.com

 

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Posted February 26, 2011 by newworldconsulting in Uncategorized

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