Algeria’s oil & gas, dinar, fiscal policy, and state-led reforms.
Algeria
Algeria’s 2028 cashless plan formalizes liquidity flows, strengthens policy transmission, and narrows sovereign spreads; DZD=X reflects currency discipline while BZ=F links fiscal stability to commodity exposure in a USD 288 billion economy.
Algeria
Algeria’s 2026 Bill tilts to base-broadening over rate hikes; CL=F steady near low-80s while DZD=X around 130 supports disinflation. Credible enforcement could lift non-oil revenue >10% y/y and narrow the 2024 deficit by 3 ppt through 2026.
Algeria
Algeria embeds fiscal modeling into its 2026 budget, linking BZ=F and NG=F price bands to deficit sensitivity, stabilizing issuance, and tightening spreads as forecast precision and transparency improve through 2026.
Algeria
Algeria projects 4.1% growth with a 12.4% deficit; Brent (BZ=F), reserves, and EMB will signal whether execution compresses spreads or DZD=X faces pressure as capital outlays rise and non-oil growth targets meet procurement and financing constraints.
Algeria
Algeria’s 2025 upgrade signals steadiness, not lift-off; Brent (BZ=F) supports receipts while the dinar (DZD=X) stays stable, but wide deficits and shallow credit keep growth cyclical and policy credibility contingent through 2026.
Markets
Tanzania and Ethiopia push energy reforms—Tanzania via upstream regulation with Algeria, Ethiopia through fuel liberalization and renewables. Investors watch for fiscal gains, ESG alignment, and investable outcomes within 12–24 months.