{"id":14710,"date":"2021-04-20T15:50:23","date_gmt":"2021-04-20T20:50:23","guid":{"rendered":"https:\/\/jazairhope.org\/?p=14710"},"modified":"2021-04-20T15:50:23","modified_gmt":"2021-04-20T20:50:23","slug":"algerian-entrepreneurs-to-help-diversify-economy-minister-tells-world-economic-forum","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/en\/algerian-entrepreneurs-to-help-diversify-economy-minister-tells-world-economic-forum\/","title":{"rendered":"Algerian entrepreneurs to help diversify economy, minister tells World Economic Forum"},"content":{"rendered":"<div class=\"entry-highlight\">\n<p>source : https:\/\/www.arabnews.com\/<\/p>\n<ul>\n<li>Unemployment set to decline at the end of this year from 11 percent in 2019<\/li>\n<li>\u2018Algerian youth have turned COVID-19 solutions into viable business ideas\u2019<\/li>\n<\/ul>\n<\/div>\n<div class=\"entry-content\" data-io-article-url=\"https:\/\/www.arabnews.com\/node\/1752246\/business-economy\">\n<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>DUBAI:\u00a0Young innovators are helping diversify Algeria\u2019s economy away from a reliance on oil and gas, a minister told the World Economic Forum\u2019s virtual conference on Wednesday.<\/p>\n<p>Despite COVID-19 challenges and a fall in new business registrations, the Algerian government is committed to promoting entrepreneurship, Yacine Oualid, Algeria\u2019s Minister of Startups at the Ministry of Micro-Enterprises, Startups and the Knowledge Economy, said.<\/p>\n<p>\u201cThe startups space is a big priority for our government. We have set up a new public fund and have initiated tax exemptions as we believe that startups and small businesses can boost employment in the country after the pandemic,\u201d he said during a panel discussion titled \u201cGlobal Jobs Outlook 2021: Scenarios for the Jobs Reset.\u201d<\/p>\n<p>Algeria\u2019s unemployment rate was 11 percent at the end of 2019, but the minister expects the jobless figure to improve by the end of 2020.<\/p>\n<blockquote><p>\u201cWe have been successful in keeping new daily coronavirus cases below 200, and our government has not faced any roadblocks in rolling out several policy measures to boost the economy,&#8221; he said.<\/p><\/blockquote>\n<p>\u201cOur focus has been on improving our digital infrastructure and job creation. As a result, several new businesses have established themselves, providing health services and medical goods in recent months. The Algerian youth have turned COVID-19 solutions into viable business ideas.\u201d<\/p>\n<p>Oualid said that e-commerce offers major opportunities in North African markets as consumers shift online.<\/p>\n<p>Regional startups will be key drivers of economic growth, creating most of the jobs in the region, he added.<\/p>\n<p>This year has been disastrous for the global jobs market, with working incomes falling by 11 percent, or $3.5 trillion, in the past 10 months and further disruption likely, according to the International Labour Organization (ILO).<\/p>\n<blockquote><p>However, the Algerian government appears to be on the right track. Director-General of the ILO, Guy Ryder, who was also a panelist in the same discussion, believes that governments must not withdraw help at what is a critical juncture.<\/p><\/blockquote>\n<p>\u201cIf governments do pull back, either because resources are becoming limited or because they think it\u2019s time to move people along, then we can expect a violent spike in open unemployment in the week and months ahead, and that is a very dangerous situation,\u201d he said.<\/p>\n<p>\u201cIt\u2019s a long and difficult transition, and I would beware of letting people go and hitting the cliff, as it were.\u201d<\/p>\n<p>Ryder warned of \u201cmassive\u201d dislocation in the labor market, saying: \u201cWe estimate that 495 million jobs will be lost by the middle of this year. There has been a massive hit to income from labor, down by more than 10 percent.<\/p>\n<p>\u201cThat is why it is vital that we have this discussion about jobs not after the health emergency but now. We are going to have to build forward from a very dark place,\u201d he said.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>source : https:\/\/www.arabnews.com\/ Unemployment set to decline at the end of this year from 11 percent in 2019 \u2018Algerian youth have turned&hellip;<\/p>\n","protected":false},"author":50,"featured_media":14711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[12,9],"tags":[],"class_list":["post-14710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-science"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Algerian entrepreneurs to help diversify economy, minister tells World Economic Forum - AAH.JZR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jazairhope.org\/en\/algerian-entrepreneurs-to-help-diversify-economy-minister-tells-world-economic-forum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algerian entrepreneurs to help diversify economy, minister tells World Economic Forum - AAH.JZR\" \/>\n<meta property=\"og:description\" content=\"source : https:\/\/www.arabnews.com\/ Unemployment set to decline at the end of this year from 11 percent in 2019 \u2018Algerian youth have turned&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/jazairhope.org\/en\/algerian-entrepreneurs-to-help-diversify-economy-minister-tells-world-economic-forum\/\" \/>\n<meta property=\"og:site_name\" content=\"AAH.JZR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/jazairhope\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-20T20:50:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/jazairhope.org\/wp-content\/uploads\/2021\/04\/2317891-1313834245.png\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Hope Jzr\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hope Jzr\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/jazairhope.org\\\/en\\\/algerian-entrepreneurs-to-help-diversify-economy-minister-tells-world-economic-forum\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/jazairhope.org\\\/en\\\/algerian-entrepreneurs-to-help-diversify-economy-minister-tells-world-economic-forum\\\/\"},\"author\":{\"name\":\"Hope Jzr\",\"@id\":\"https:\\\/\\\/jazairhope.org\\\/fr\\\/#\\\/schema\\\/person\\\/0b50f60fad840cf92313307e38c9d20d\"},\"headline\":\"Algerian entrepreneurs to help diversify economy, minister tells World Economic Forum\",\"datePublished\":\"2021-04-20T20:50:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/jazairhope.org\\\/en\\\/algerian-entrepreneurs-to-help-diversify-economy-minister-tells-world-economic-forum\\\/\"},\"wordCount\":503,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/jazairhope.org\\\/en\\\/algerian-entrepreneurs-to-help-diversify-economy-minister-tells-world-economic-forum\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/jazairhope.org\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/2317891-1313834245.png\",\"articleSection\":[\"Economy\",\"Science &amp; 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