Algiers – The Committee for the Organization and Supervision of Stock Exchange Operations (COSOB) announced on Thursday that it has received more than 300 contributions as part of the national consultation it launched at the end of August, aimed at involving various stakeholders in developing practical measures to stimulate and diversify financial market tools and mechanisms.
According to the committee, “the number of participations exceeded 300 qualitative contributions, which will be utilized in preparing a stimulus plan designed to enhance the efficiency of the financial market.” This national consultation forms part of the second phase of COSOB’s strategy to modernize and boost the financial sector, building on the first phase launched in 2023, which achieved a comprehensive overhaul of the legal framework regulating market activities, laying the basis for deep and sustainable transformation.
The ongoing second phase focuses on the active involvement of all financial actors in designing practical measures to diversify market tools and expand their reach. In this regard, COSOB invited researchers, students, professionals, entrepreneurs, and citizens with an interest in economic affairs to present their ideas and proposals within the framework of this consultation.
Key themes addressed include revitalizing the secondary market, strengthening the role of institutional investors, developing new financial instruments, attracting new players, broadening financial inclusion and literacy, as well as supporting non-banking financial intermediation, such as venture capital investment bodies and crowdfunding mechanisms.
The consultation also covers strategic areas such as financial technology and innovation, financing for SMEs and start-ups, sustainable and green finance, in addition to Islamic finance. The process will culminate in the organization of thematic workshops to discuss and refine the selected proposals, with the objective of shaping a modern, inclusive, and dynamic financial market capable of supporting Algeria’s national economic development goals.
