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In “Fatour Essabah” El Khabar weekly meeting, organized on Wednesdays, he attracted the attention that the affluence of money to Algeria today “is not a goal and not a magic solution to get out of underdevelopment.” “Things must be made clear. In 1993, Algeria witnessed a financial crisis but today even if there is an affluence of money it is still suffering the same crisis.” Benbitour stated. “The people’s living conditions are deplorable. We are venturing the lives of our future generations by exploiting the non renewable stock, oil and hydrocarbons, to transform it into an ephemeral stock, financial resources. He added. When answering to the question “Is there any organization as regards executives” He insisted that the there is not. This does not mean that Algeria lacks competent executives in the economy sector but they are in fact marginalized. When he was on top of the government he sought to make some Algerian Executives take part in putting a global national strategy. He asked from 22 university teachers of different specialties to prepare an academic work by answering to the following question “How do you imagine Algeria in 2020?” but he was out of the Government he could no more go on that initiative. He revealed. As for the question about “Whether Algeria is able to bring back its executives living abroad,” Bebitour explained that they are ready to come back provided that adequate conditions are set up and mentalities are changed. “Better appoint them as directors and decision makers rather than employees.” In the context of criticizing the privatization process, the results of which are still latent, the former Prime Minister indicated that the different past experiences should be assessed to draw results. Two years of privatization gave no results. He considered that the foreign private sector should complete the local private sector. To boost the economy, we should not rely on the foreign private sector. He also talked about the ideological backgrounds of the privatization, which are rarely submitted to discussions in Algeria. International experiences prove that causes of privatization can be ideological, public sector restructuring or capital market support. But in Algeria it has been done because it is believed that the foreign experience is better than the national. Algeria is a source of wealth as it recorded a surplus in the trade balance which exceeded $ 26 billion in 2005. Algeria a source of capitals thanks to its reserves which tripled as compared to the external debts stock. It has exceeded $ 68 billion now whereas it was $ 56billion in 2005. It is forecast to exceed $ 100 billion by 2009. The debts stock will not exceed $ 5 billion. Benbitour stressed on the fact we are selling to the foreign countries a material to be consumed and transformed and with some of its money we purchase goods and make reserves with the remainder. He further said that the savings rate is very high, 5107 %, which means a kind of austerity at a time there are signs of abundances in consumption likely to cause some disturbances. | ||||||||||||||||||
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Privatization did not bear any fruit in Algeria