Thousands of youth projects doomed to bankruptcy
Several economists have warned against the concentration of youth projects on the sectors of services including goods and passengers transportations, noting that these activities have reached saturation on the market.
- Whereas, it would be wiser to transfer the youngsters’ projects towards productive sectors like agriculture and industry including food –industry, spare parts industry, textile and electricity sector to reduce the imports’ bill, they have noted.
- In a declaration to “Echourouk” the economic expert M’ hammed Hmidouche has indicated that the problem which is currently facing both the National Agency for Youth Employment Promotion and the National Fund for Unemployment Insurance, lies in the fact that the loans granted by the two organisms to finance the projects were obeying to political rather than economic drives.
- He has further added that the absence of a clear national development plan has dwarfed the task of these agencies and made them unable to contribute to jobs’ creation and the overhaul of economic activities likely to reduce the imports.
- For his part, the economist Abderrehmane Mebtoul has declared to “ Echourouk” that semi-official figures revealed that 80% of the projects presented by the youngsters so far, turn around services’ sectors, noting this situation was not in favour of the Algerian economy on account t of its weak productive system in both the equipment and mechanic sectors.