Algeria's Parliament has approved the Prime Minister Abdelaziz Djerad’s new action plan on Thursday, after three days of debate.
After three days of debate, the Algerian Parliament has overwhelmingly approved the Government’s action plan. Prime Minister Abdelaziz Djerad’s new government received a vote of confidence on Thursday from the parliament’s lower house.
The action plan aims to tackle a series of issues, including boosting dialogue with the opposition and diversifying the economy away from oil. Possible alternative funding sources for the economy mentioned in the plan include sukuk (sharia-compliant bonds) and developing Algeria’s small stock exchange.
Djerad attempted to sooth criticisms of the plan in a speech on Tuesday, in which he stressed that President Abdelmadjid Tebboune would implement the programme based on a “new Algeria”. He highlighted the sources of funding for the new plan, in an effort to improve transparency and restore the confidence of the people. Djerad blamed the country’s worsening financial problems on mismanagement and corruption, pledging that his proposed reforms will overcome the situation.
“Those who question this parliament and the patriots are completely wrong”, stated Prime Minister Djerad in his speech.
A fall in energy earnings and foreign exchange reserves has placed Algeria under financial pressure in recent years, resulting in growing demands from the people to improve living standards.
Today marks the 52nd consecutive Friday of protests in Algeria, and tomorrow will be the one-year anniversary. The action plan is considered by many of those protesting as simply too little too late. One of the main demands of the protesters is the dissolution of a parliament they still see as the parliament of previous President Abdelaziz Bouteflika, Algeria’s longest ruler. They demand freedom, democracy and the removal of those they deem the ruling elite. They therefore have little faith in the parliament’s decision.
The government’s plan will be implemented in the coming days after a second vote in the National Assembly, the second chamber of parliament.