Algeria is a highly regulated and bureaucratic market, often leading to delays in payment and execution of contracts. Further, historically Algerian government entities were unable to borrow in foreign currencies on commercial terms although it seems to be possible on exceptional and case by case basis (approval required from the Minister of Finance). Foreign investors are limited to minority (49%) stakes in investments made in Algeria. Algeria has experience a number of corruption scandals involving major Algerian state-owned entities, and as such, requires additional anti-corruption due diligence for transactions involving public sector entities.