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Algeria passes budget encouraging foreign investment

Algeria’s interim president Abdelkader Bensalah signed a 2020 budget that includes public spending cuts but allows foreign investors to have majority stakes in projects involving the non-energy sector, the presidency said.

The budget also includes a government plan to seek foreign loans next year in a bid to cope with financial pressure after a fall in vital energy revenues.

Read more from source article: https://www.thenational.ae/business/economy/algeria-passes-budget-encouraging-foreign-investment-1.950128

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