Algerian bank chief sees 3.8% 2000 growth

Algeria's oil-dominated economy is expected to achieve 3.8% growth this year, up from 3.2% in 1999, but lower than the 5% expansion achieved in 1998, central bank governor Abdelwahab Keramane told parliament last week. Keramane said despite insufficient direct foreign investment and unfavourable weather conditions for agriculture, the surge in oil prices has made it possible for the economy to grow this year. The country's balance of payments is currently $4.5 billion in favour of Algeria, wh

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: