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Algeria: Government Reportedly Considers Easing Foreign Investment Rule for Non-Strategic Sectors

1 MIN READSep 12, 2019 | 14:19 GMT

What Happened: The Algerian government is reportedly considering limited reforms to its so-called 51/49 rule on foreign investment and financing rules in non-strategic sectors, TSA Algerie reported Sept. 11.

Why It Matters: The new rules, if implemented, would be unlikely to affect Algeria's hydrocarbon sector due to a new law that enshrines foreign investment restrictions in the energy industry.

Background: Algiers is planning to enact austerity measures and cut public spending by 9.2 percent in 2020 despite an ongoing political crisis, although the reductions could encounter substantial opposition.

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