Algerian finance minister may clash with central bank
Friday, May 22, 2015
Significance
The announcement was part of a cabinet reshuffle on May 14, which saw changes to several important portfolios, including energy, finance and interior. Bouteflika's intervention reflects concern about the impact of cheap oil on the economy. It also comes amid mounting popular discontent about economic and social issues, several high-profile corruption trials and intense infighting within the main political parties.
Impacts
- The reshuffle will not change the perception that the government lacks direction due to Bouteflika's illness.
- Confusion over the stewardship of foreign policy reinforces the impression that the ruling system is riven with factionalism.
- Sellal is secure for a few months, but this could change amid upheavals in the main political parties.