Oil Money No Cure-All to Algeria Economy
“The development program is trying to catch up with the infrastructure lag from the 1990s, which is a very good thing,” said Theodore Ahlers, head of the World Bank’s office for Maghreb - the region of Africa north of the Sahara Desert and west of the Nile River.
“But the key is to have a way to ensure strong growth and creation of jobs outside hydrocarbons in the long term, said Ahlers. “The battle is far from won.”
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