Minister of Finance Karim Djoudi of Algeria
2 billion) in its 2008 budget, Finance Minister Karim Djoudi said on Saturday, following a planned outlay of 3,623 billion in 2007.
It is also aimed at supporting some economic and social activities," Djoudi said without elaborating.
year, Finance Minister Karim Djoudi has said.
Djoudi said Algerias Central Bank is the only institution legally empowered to control and regulate the change of foreign currencies against the Dinar, pointing out that such a mission does not come under the competences of Finance Ministry.
Responding to a question to determine those behind the spreading of this phenomenon in Algeria, Minister Djoudi has indicated that Algerias Central Bank should allocate the means allowing competent services of controlling and searching through some places in Algiers, and other major towns, and then implement the law into force, and issuing legal actions against offenders.
country's economy from the world financial crisis.
Karim Djoudi said in remarks published on Wednesday.
investment fund would be supplied mainly by the state treasury.
Djoudi said few weeks ago that the government could not impose adopting Islamic services, which are related to the trade policy circulation on banks, every bank considered appropriate to it.
Finance Minister, Karim Djoudi has excluded privatizing any state owned bank or company, saying the privatization process of CPA bank could not be resumed for the moment, mostly as repercussions of mortgages crisis, hitting international financial market last year, have not been identified yet.
Djoudi has attended yesterday the sealing of a cooperation agreement between the Algerian Insurance Company, CAR and the French insurance group Macif.
Djoudi says Algeria is not about to use such funds to purchase shares in private companies abroad, or for other more adventurous plays.
Asked about Siaghs suggestion, Djoudi says that for the past few months the government has been creating an investment fund to buy stakes in projects in Algeria and finance them.
ALGIERS, Dec 17 (Reuters) - OPEC member Algeria will set up an investment fund next month geared at financing domestic economic projects, Finance Minister Karim Djoudi said in remarks published on Wednesday.
Djoudi said the investment fund would be supplied mainly by the state treasury.
But Djoudi said in July world financial turmoil meant this was not the right moment to set up a fund, and the state was busy financing big public works projects.
Algeria plans to launch a new investment fund for domestic projects at the end of January, Finance Minister Karim Djoudi said on Tuesday (December 16th.
ALGIERS, Dec 15 (KUNA) -- Algerian Minister of Finance Karim Djoudi said on Monday the upcoming Economic Summit to be hosted in Kuwait next January is important and vital in relation to various economic levels.
ALGIERS, Nov 11 (Reuters) - OPEC member Algeria may change its medium-term economic outlook if oil prices kept falling sharply, Finance Minister Karim Djoudi said in remarks published on Tuesday.
Karim Djoudi said that the establishment of branches of Iranian banks and financial institutes in Algeria would be an appropriate measure to boost economic ties.
In a meeting with an Iranian delegation, Djoudi said there are many opportunities for Iranian companies to participate in Algeria's development projects.
var RTR_ArticleBlurb = " ALGIERS, Sept 4 (Reuters) - Technical bids by six foreign banks competing to buy a stake in Algeria's Credit Populaire d'Algerie (CPA) bank will be opened in early October, Finance Minister Karim Djoudi said in remarks published on Tuesday.
Minister Karim Djoudi said in remarks published on Tuesday.
Djoudi was reported as saying by government press agency APS.
Faced with those challenges, Djoudi said the international community is mobilizing itself at various levels to take charge of this problem jointly.