Foreign debt in Algeria starting from January

The government will put a suggestion to supervise foreign debt licence for national enterprises. A set of conditions and feasibility study will be established.

The government now plans to authorizing foreign debt as part of the financial draft bill 2017. A new measure will be taken to enable Algerian enterprises to borrow money to fund investment projects, Echorouk has learnt.

The government will not authorize any enterprise to borrow money only if it gives proofs about its financial needs.

According to the same sources, those measures come as the government seeks funding mechanisms to lighten the burden due to the lack of liquidity and financial resources. 

Earlier, Eco-Algeria website reported that state-owned enterprises will benefit from a $1 billion-loan. About $200 million will be allocated for Sonelgaz and $800 million to cover a part of the budget deficit.

Indirect borrowing was conducted through partnerships between enterprises such as an agreement with the Algiers Port.