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Wednesday, July 15, 2020 17:29 GMT
Algeria, under pressure to ease the impact on its public finances of a drop in oil and gas earnings, aims to save US$20 billion this year through reforms and by lowering its imports bill, the government said. The OPEC member has already cut public spending and postponed planned investment projects for 2020 in several sectors, including energy, which accounts for 60% of the state budget and 93% of total export revenues. Failure to implement reforms aimed at diversifying the economy away from...More