During an interview granted to APS, the minister said that an inquiry will be launched, in collaboration with the United Nations Development Programme (UNDP) and United Nations Economic
Commission for Africa (ECA), by the end of December to assess the impact of the health crisis, due to Covid-19, on companies and Algerian households.
This inquiry will cover a sample of 15,000 households and 15,000 companies, said Belmihoub.
The inquiry’s results will be given next January, he added.
In this respect, the Minister Delegate recalled that a first assessment of the crisis impact has already been made during a meeting chaired by the Prime Minister with social partners and economic operators, and which allowed the creation of a safeguard committee in charge of studying the impact of the Covid-19 pandemic on national economy.
Efforts to overcome the dual health and economic crisis must be fairly distributed among the various actors in society, said the Minister Delegate recalling that this meeting resulted in 150 recommendations.
A Covid vaccine will increase the barrel of oil to 60-70
Asked about the outlook for crude oil prices, Belmihoub said it was difficult to predict precise price trends over the long term.
"If the vaccine reduces the number of contaminations, the barrel will earn $5, and then the economic machine will gradually pick up again, allowing the barrel to rise to $60-70," he predicted.
Referring to the country's long-term (ten-year) energy security strategy, he stressed that the approach of its delegated ministry in this area is based on three axes.