ALGIERS, June 24 (Xinhua) -- Algerian Prime Minister Abdelaziz Djerad resigned on Thursday, opening the door for President Abdelmadjid Tebboune to name a new cabinet, according to the state TV.

Algerian Prime Minister Abdelaziz Djerad addresses parliament members during a voting session on constitutional reforms in the capital Algiers, on September 10, 2020. (File photo: AFP)

A new government will have to tackle a financial and economic crisis due to the fall in oil prices.

Djerad has been served as the prime minister since Dec. 28, 2019.