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Vol 50 No 1

Published 9th January 2009


Algeria

Electoral juggernaut

Bouteflika’s parliamentary allies have changed the constitution to allow him to stand for a third term and he will not face any serious electoral opposition

The financial position is much better in Algeria, which amassed over US$130 billion in foreign reserves during the oil boom. Despite free-falling prices for crude oil exports, officials say there is plenty to finance President Abdelaziz Bouteflika’s social and physical infrastructure development plans, including the ‘grands projets’ that will provide the ‘Boutef’ legacy.

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