PM Abdelmalek Sellal to chair tripartite meeting on Monday

Algerian Prime Minister Abdelmalek Sellal will chair on Monday the tripartite meeting which will include the government, the General Union of Algerian Workers and employers' organizations. The meeting comes amid unstable economic and financial conditions in Algeria because of the decline of oil prices in international markets, which forced the Algerian government to search for new alternatives to diversify its economy.
It launched a new economic model, which allows the transition from budget financing to the funding by the market, where the banking sector will play a vital role for the benefit of the Algerian institutions.
The new economic model will be among other prominent files on the table of the meeting. It is expected to tackle the evaluation of productive sectors, which is one of the most important solutions for the advancement of the Algerian economy.
Algerian Minister of Industry Abdul Salam Bushwarib said in a press statement, that the next trilateral meeting will include surprises for assessing the diverse economy, with the participation of the government, the General Union of Algerian Workers and employers' organizations, in the province of Annaba.
The last meetings were characterized by discussing significant economic issues in the context of the economic and financial crisis in Algeria, after the decline in world oil prices.