ANSEJ, CNAC Projects are not Concerned with Austerity, Labour Minister says
Mohamed Ghazi, Algeria's work minister. Photo: copyright
Austerity policy will not affect the funding of youth projects, like ANSEJ and CNAC, Labour and Social Security Minister, Mohamed Ghazi, said during his supervision, on Monday, on the opening of the Local Exhibition of Labour and Entrepreneurship in Blida province (western Algiers).
“Over 90,000 institutions will be created in 2016, including 60,000 in ANSEJ and 30,000 in the CNAC, that will be added to 390,000 institutions in various fields like industry, agriculture and fisheries.”
“New facilities and procedures are included in the process of granting “ANSEJ” loans, including the allocation of 20% of the deals to the owners of ANSEJ institutions to ensure the financial sustainability and imposing them in the labour market. Youth who have graduations from universities and institutes can exploit the facilities that are granted by the State to take advantage of loans that will enable them to create productive and service institutions that could contribute to the growth of the national economy.”
For his part, the General Secretary of the Union of Algerian Workers, Abdelmadjid Sidi Said, valued the efforts of the state that aime at strengthening and facilitating the granting of loans for youth, despite the collapse of oil prices, asserting on the need to encourage the small and medium enterprises to develop a national economy that depends on the local production.