Dr. Abderrahmane Mebtoul. DR.
Mohsen Abdelmoumen: What is today the equilibrium threshold, the price of a barrel that allows Algeria to not draw from its foreign currency reserves, but to reconstitute them?
Dr. Abderrahmane Mebtoul: Foreign exchange reserves come mainly from hydrocarbons exports (98% with derivatives) whose average price per barrel of Algerian oil went from $ 112 in June 2014 to $ 45 average annual 2016 to $ 53.97 in 2017. They evolved as follows: $ 162.2 billion in 2010, 182 in 2011, 190 in 2012, 194 in 2013, 180 in 2014, 144 in 2015, 114 in 2016, and $ 96 billion (excluding SDRs) at the end of 2017 and excluding gold reserves, Algeria owning 173 tons of a worth, at the current price, of about 7 billion dollars and, according to the IMF in its report of July 20, 2018, which is likely to end at $ 12-13 billion at the end of 2022 with a very strong economic recession. Lire la suite »
Prof. Patrick Bond: « Obsolete economic ideas and personal corruption are closely linked in Africa »
Prof. Patrick Bond. DR. *
Mohsen Abdelmoumen: The G20 will take place soon in Hamburg, in Germany. In your opinion, what will be the strategic issues of this meeting?
Prof. Patrick Bond: There are three areas of extreme danger that we would expect the G20 to address, if they are indeed claiming to be the world’s elite managers of human welfare: geopolitics, economics and environment. They won’t solve the crises brewing in these areas, naturally – because they remain constipated as a group of leaders, lacking the needed tools and ideology to successfully confront and defeat these extreme threats. Lire la suite »
Prof. Mebtoul: « Any destabilization of Algeria would have geostrategic repercussions on all the Mediterranean and African space »
Professor Abderrahmane Mebtoul. DR.
Mohsen Abdelmoumen: We are following your work for a long time. For the economist you are, does Algeria respect international commitments?
Prof. Abderrahmane Mebtoul: You are referring to the Association Agreement signed in full sovereignty on September 1, 2015. For Algeria, speaking through the Director-general of economic relations and international cooperation at the Ministry of Foreign Affairs, it is not question of calling into question the general architecture, Europe having acceded to the Algerian demand and agreed to a partial revision of some articles allowing a win/win partnership while underlining for the European part, that the structural reforms for a diversified economy depend first of the Algerian government, in order to benefit from this agreement. Lire la suite »