The mortgage subsidy faces obstacles, some laws are publicized long before it is made their application on the ground. Nearly one year after the notification of this provision in good and due form in the grind of the CFL in 2009, its implementation remains problematic.
The same provision is however still under discussion and the last event selected to the agenda is the consolidation of the CPA and banking industry officials housed the luxurious. Meanwhile, the PSC is working “through several scenarios of financial packages to identify the most appropriate formula to even address the real-time application of this new form of lending for real estate once the green light is given by the Ministry of Finance, will advise a senior member of the PSC contacted by us.
In other words, there are still blocking elements that prevent the entry into force of this provision of law whose beginnings date back nearly a year. The explanation that was given to us yesterday by our sources at the PSC about “excessive delay” made in the implementation of the provision of subsidized interest loans for real estate shows Algerians will still have to wait long to be the beneficiaries of this new formula. (continue reading…)
