Algiers – Algeria’s Investment Loan Guarantee Fund for Small and Medium Enterprises (SMEs) announced in its annual report that, in 2024, it provided banking loan guarantees—excluding the agricultural sector—worth more than 35 billion Algerian dinars, up from around 28 billion dinars in 2023.According to the Fund, 561 investment loan operations were guaranteed last year, with a total value exceeding 35 billion dinars. This marks a 30% increase in the number of supported projects compared to 2023 (431 projects) and a 26% rise in value, reflecting the government’s ongoing commitment to fostering entrepreneurship and industrial growth.Established in 2006, the Fund’s mission is to provide financial guarantees to banks in exchange for a fee of 0.5% of the loan amount. This mechanism covers a significant share of potential non-payment risks and plays a key role in facilitating SME access to financing—an essential pillar of Algeria’s strategy for economic diversification and sovereignty, free from foreign dependency.Since its inception, the Fund has issued guarantees for 5,256 investment projects, with total guaranteed loans exceeding 114 billion dinars by the end of 2024.
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