Financing projects within the framework of support agencies in Algeria

In the early 1990s, Algeria witnessed a significant rise in unemployment rates, which severely impacted social and economic development. Recognizing the gravity of the situation, the Algerian state quickly sought comprehensive mechanisms to empower young people, acknowledging their crucial role in building a robust economy. Conversely, given the positive indicators of available natural, economic, and financial resources, and based on the recommendations of economic experts, the Algerian government adopted new employment promotion policies. These policies aimed to support investment in job-creating sectors, incentivize job creation through tax incentives and investment promotion, and modernize labor market management by establishing new mechanisms designed to achieve these objectives. This strategy for the employment sector, with its various structures, revolves around easing the pressure on the labor market through the application of employment promotion devices and programs, which are financed by the state within public investment programs and are considered one of the pillars of efforts aimed at combating unemployment and encouraging professional integration. Among the most prominent of these devices are the "e;National Agency for Youth Employment Support"e;, the "e;National Unemployment Insurance Fund"e;, and the "e;National Microcredit Agency"e;, etc.