The President of the National People’s Assembly, Ibrahim Boughali, confirmed that the reforms launched by Algeria in its new era, comprehensive and integrated reforms, which were accompanied by the dome of Parliament, to which the legislator entrusted the task of legislating, monitoring and accompanying, restored Algeria’s transformation of its prestige, position and strong presence in its institutions.
Boughali added, in his speech during the parliamentary day on “The Algerian Stock Exchange between reality and hopes in developing the national economy,” that the economic reforms initiated by the President of the Republic in fulfillment of his commitments at the heart of the transformation, restored Algeria’s strong presence with its strong institutions, foremost of which is the People’s National Army Foundation, which was Today, more than ever, it remains the fortified fortress and strong shield that stands together with all other forces, in order to ensure security and its continuity.
Boghali explained, in this regard, our council accompanied this transformation, and many laws were discussed, enriched, and approved in this council, including finance laws, the banking monetary law, public transactions, and others, indicating that all of this comes within a path aimed at rationalizing the policy directed primarily to reform. The financial market and activating its contribution to economic development, because the success of any country today has become dependent on the development of financial markets, especially the stock exchange, and this is what prompted our country, in light of this comprehensive reform, to follow new approaches, modernize others, and take bold decisions to list new financial institutions on the stock exchange. In order to achieve economic development, considering that the stock exchange is an important and decisive factor in serving economic development, and controlling it with modern and competitive mechanisms is an important destination for investors and liquidity seekers alike.
The Speaker of the Lower Chamber of Parliament added, saying: “Economic institutions in general have suffered from limited financing, in a way that this aspect has become an obstacle to development. Thus, many specialists describe the stock exchange as a major actor in the capital market, and experts link the success of economic development to the presence of… Stock exchanges are highly active and efficient, and Algeria today is racing against time to correct the disparity compared to developed countries by providing the appropriate atmosphere and financing necessary for the economic development process.”
In the context of his speech, Boughali pointed out that the issue of financing economic development is one of the topics raised in Algeria, and for which the authorities are working to find appropriate solutions, in light of the increasing need for additional capital and accelerating the pace of development in order to keep pace with the requirements and needs of society at all levels. The matter is imperative. Establishing a real mechanism capable of this task, which is embodied in particular in the money market, with its two sides, the money market and the financing it provides in short terms through all its institutions, and the capital market and its ability to provide sufficient financing in long terms, and the necessary liquidity through the issuance market and the stock exchange.
The post The reforms launched by Algeria restored its prestige and position appeared first on Al-Akhbariya.
#reforms #launched #Algeria #restored #prestige #position
#oussama_boulegheb #elhiwardz #alakhibariat.xyz #elhiwar #elhiwar-en
