In a detailed report, Statfor, a US firm specialising in geopolitical risk analysis, warns of the unravelling of Algeria as the country continues to delay reforms to diversify its economy away from oil and gas. These solutions, notes Stratfor, tackle only the symptoms and do little to relieve Algeria from dependence on raw resources. Algerian authorities have shown little enthusiasm for reforming regulatory laws relating to investment promotion, underscores Stratfor. The underdeveloped banking sector is another major impediment to economic reforms in Algeria, notes Stratfor, giving the example of the unpropitious conditions. “They are only delaying the inevitable,” notes Stratfor, which warns of an impending unravelling of Algeria if reforms are not undertaken to reform its economy.

Source: The North Africa Journal March 15, 2017 17:03 UTC