Economie

Algeria Calls for Debt Relief, Fair Representation at G20 Summit

Representing President Abdelmadjid Tebboune, Prime Minister Sifi Grib participated in the G20 Summit in South Africa, delivering Algeria’s address during a session focused on bolstering solidarity, equality, and sustainable development.

The Prime Minister began by expressing gratitude to South African President Cyril Ramaphosa for inviting Algeria as a guest country and for the warm reception and excellent organization of the summit. He acknowledged the extensive preparations, including ministerial and technical meetings, that preceded the event.

The address highlighted the complex international context of the summit, noting the significant political and economic challenges facing the world. These include poverty, unemployment, development disparities—particularly in Africa—as well as crises related to climate change, energy scarcity, food security, and rising debt levels in low-income countries. According to the Prime Minister, relaying the President’s message, these challenges threaten global stability and necessitate unified efforts and innovative solutions based on international solidarity.

The address emphasized that progress towards achieving the Sustainable Development Goals remains limited, with only 12% of the targets on track and half facing significant obstacles, despite the efforts of the United Nations. In this context, the Prime Minister commended the priorities of the South African G20 presidency, especially those related to the African continent and the poorest nations.

Speaking on behalf of the President, the Prime Minister underscored the pivotal role of the G20 as a driving force for global transformations. He lauded President Ramaphosa as a strong voice for Africa, asserting that the continent’s development is linked to stability, peace, reduced irregular migration, and addressing the root causes of crises. He reiterated Algeria’s support for Sahel countries through development projects managed by the Algerian Agency for International Cooperation.

Regarding the summit’s priorities, the address called for addressing the debt of poor countries by either forgiving it or converting it into productive investments. Algeria, it was noted, has already canceled the debt of 18 African nations. Furthermore, the address stressed the need to reform international financial organizations to ensure fair and equitable representation for developing countries, reflecting Africa’s growing demographic and economic weight.

In the area of renewable energy, Algeria advocated for mobilizing global financing to support the transition of developing countries towards sustainable energy sources.

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