Country Risk Summary: ALGERIA

May 2004
Africa Monitor: North Africa Monitor;May2004, Vol. 9 Issue 5, p4
Country Report
Country Report
Algeria's President Abdelaziz Bouteflika has been re-elected in April 2004 polls, which were endorsed by international observers, although the campaign process was strongly weighted in his favour and opposition candidates allege fraud. Having gained the support of a moderate Islamist party in the elections, his key challenge is to reintegrate supporters of the banned Islamist party, Front Islamique du Salut (FIS), into a peaceful political process. The outlook for growth is good, as high prices for oil and gas are expected to persist, and output will benefit from last year's US $4 billion investment in the state's oil and gas activities.


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