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In a statement to Al Khabar, made on the sideline of the opening of national meetings on industry, in Nations Palace, in Algiers, Belkhadem indicated that “Algeria possesses the needed funds to achieve all the projects planed by government”. The Prime Minister is so optimistic for hard currency reserves mounted to around 80 million dollars. Industrial strategy meetings’ goals are to bring close positions in such a way that government could more easily work to “boost development of industry”, said Belkhadem, refusing to unveil figures as regard the amount government has devoted to the project”. According to information al-Khabar got from some sources, the financial envelop is estimated at more than on billion dollars. Six managers of State-owned banks were present at the meetings. The attendance of such executives is important to ensure corporate managers who had presented a number of claims they asked to be met in return of their backing of the project. Entrepreneurs seek to get more grants-in-aid and facilities in terms of loans and fiscal concerns as well as the settlement of industrial real estate issue. The meetings is carrying on today within workshops and commissions made up of experts and representatives of employers’ organizations. They are to take end tomorrow when participants’ recommendations and the meetings’ results will be presented. The latter will be then submitted to the cabinet and, perhaps, parliament before being put into effect, early 2008. | ||||||||||||||||||
Algeria enjoys excellent financial health