CHAPTER FOUR: ECONOMIC GOVERNANCE AND MANAGEMENT 2. In the area of forecasts and statistics (Attention: the government) Reform the statistical system, its bodies and mechanisms for promoting independence, financial autonomy and transparency in establishing statistics that are compatible with the new dispensation of economic liberalisation. 3. In the area of sectoral and micro-economic policies (Attention: the government; public and private sector) Through national conferences, pursue and carry to term the project initiated with industry and implement the associated reforms: legal framework, business environment, reform of economic administration, improvement in judicial procedures, access to credit, etc. Evaluate the sectoral policies adopted in the light of the resources employed and the formulae used, on the one hand, and the results achieved, on the other hand; and, within the framework of diagnostic and strategic studies, identify accurate indicators and provide the means for measuring and monitoring these regularly. Develop participative approaches that would allow private economic operators to be closely involved in any assessment exercise and in any updating or definition of sectoral policy. Give preference to externalisation and practical application when it comes to sectoral training, promotion, capacity-building and financing. 4. In the area of national savings (Attention: the government, Bank of Algeria, public and private banks) Continue to maintain prudent policy with regard to the management of national savings, especially public savings arising from oil surpluses. Any substantial change should only be effected on the basis of serious studies carried out in conjunction with national partners in the context of strong social consensus. Develop the bond market to promote and indemnify the mobilisation of private savings through the most appropriate formulae. Modernise exchange control management by broadening the economic freedom of portfolio offices and services of primary banks, with strict controls being carried out a posteriori. 5. In the area of exposure to shocks (Attention: the government, public and private sector) Encourage the private sector to become involved in stimulating agriculture and promoting exports. Develop and establish an export culture throughout the country. 150