President Tebboune Highlights Algeria’s Efforts to Support Development Across Africa

Algeria’s President Abdelmadjid Tebboune reaffirmed his nation’s unwavering commitment to African development and international solidarity during his address to the Fourth United Nations Conference on Financing for Development held in Seville, Spain on Tuesday.Speaking through Prime Minister Nadir Larbaoui, who delivered the address on his behalf, President Tebboune emphasized that Algeria has positioned sustainable development and international solidarity as fundamental pillars of its foreign policy. The North African nation continues to demonstrate its dedication through sustained contributions to development efforts across the African continent via various bilateral and multilateral cooperative frameworks.The President highlighted Algeria’s comprehensive engagement in continental integration through numerous projects of an integrative nature, showcasing the country’s strategic vision for African unity and progress. This approach reflects Algeria’s understanding that continental development requires coordinated efforts and shared responsibility among African nations.Through the Algerian Agency for International Cooperation for Solidarity and Development, Algeria is actively contributing to infrastructure development, healthcare, education, energy, and other developmental projects across multiple African countries. The government has allocated no less than one billion US dollars to these crucial initiatives, demonstrating its substantial financial commitment to African development.President Tebboune proudly noted Algeria’s remarkable achievement in completely eliminating its external debt burden through a prudent fiscal policy that leverages the country’s own resources. This financial independence positions Algeria uniquely to play an effective role in assisting nations still struggling under accumulated debt burdens that hinder their sustainable development goals.The President stressed the critical need to transition from the diagnostic phase to actual initiative-taking, focusing on finding adequate solutions for development financing. He expressed hope that this conference would serve as a launching point for a comprehensive developmental path, recognizing that shared prosperity has become a fundamental requirement rather than merely a secondary option.Algeria’s leadership recognizes that achieving global stability and prosperity requires bridging the development gap and reducing progress disparities between nations. This approach would create a favorable international environment capable of addressing the various challenges and crises facing the world today.The President’s address underscores Algeria’s emergence as a responsible regional power committed to South-South cooperation and African solidarity. By leveraging its debt-free status and natural resources, Algeria positions itself as a reliable partner for African development, contrasting sharply with nations that prioritize narrow self-interests over continental progress.This commitment to African development reflects Algeria’s principled foreign policy approach, which prioritizes genuine partnership and mutual benefit over exploitative relationships that have historically characterized some international engagements with African nations.