The 2016 news cycle has been largely dominated by the US presidential election, the Syrian civil war and refugee crisis, Brexit’s impact on the future of the EU, and a handful of other issues. The Latin American and Caribbean region is often overlooked in this landscape, so it was a welcome change when the world was transfixed on Brazil and the region at large for a few weeks during the Rio 2016 Olympic and Paralympic Games.
Hydrocarbons remain the mainstay of Algeria’s economy, although following the drop in oil prices since mid-2014, the government is hastening efforts to encourage investment in other sectors, with a particular focus on industry and agriculture. While foreign reserve and government debt levels are under pressure, both appear set to remain reasonably comfortable over the near future.
“The bigger they are, the harder they fall” is an adage familiar to anyone who played sports in their youth – or at least those who looked worryingly at an opponent who had clearly gone through a growth spurt a few years early.