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Algeria Not 'in Bankruptcy,' Despite Drop in Oil Prices

Source: Algeria Times 3/10/2016, Location: Africa

Prime Minister Abdelmalek Sellal said that Algeria is not "in bankruptcy, adding that the country has "important assets" allowing it to face the fall in oil prices in world markets.

Sellal made the comment in a statement to APS on the sidelines of a working and inspection visit to Annaba (600-km east of Algiers).

According to the Prime minister, young Algerian executives and experts, who "are able to achieve miracles," are the main assets of Algeria.

"Those experts have compelled recognition abroad and can do the same in their country."

The premier urged all Algerians to focus on the country's interests and to make sacrifices in this respect.

He underlined that "ensuring the future of rising generations is a responsibility and a mission that is incumbent upon of all us."

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