The Governor of the Bank of Algeria, Mohamed Lamine Labo, called for strengthening international governance as a fundamental condition for improving global economic performance, emphasizing the need to direct monetary policies towards price stability and enhance regulatory and supervisory frameworks to address emerging risks amid rising uncertainty linked to geopolitical tensions. According to what was reported by 'APS', Labo clarified in a speech delivered yesterday, Friday, during the 53rd meeting of the International Monetary and Financial Committee in Washington, that effective multilateral frameworks are capable of reducing the recurrence of shocks and mitigating their severity through the coordination of economic policies, stressing the importance of enhancing exchange rate flexibility to support the capacity of economies, especially food-importing ones.
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Most homes and farms are not insured against fires; farmers are the most exposed to losses due to weak subscription. New insurance products to face climate disasters, digitization, and artificial intelligence to reduce compensation times. Hassen Khalifati, a member of the board of the Algerian Union of Insurance and Reinsurance Companies, warned that the expansion of fires in Algeria, due to heat waves and climate changes, is met with a clear weakness in the demand for fire insurance, which increases the losses incurred by families, farmers, and economic institutions when disasters occur. Khalifati explained, in a statement to 'Echorouk', that there are no accurate and updated statistics to determine the percentage of homes or farms...
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