DZWatch Exclusive Analysis – A potential fracture within the Group of Twenty (G20) has brought Algeria’s rising influence as a global balancing power into sharper focus. Recent developments involving Algeria, France, South Africa, and the United States underscore this shift in international dynamics.
President Abdelmadjid Tebboune has reiterated Algeria’s unwavering stance on addressing the crushing burden of international debt on developing and vulnerable nations. He emphasized the urgent need for strategic solutions that transcend traditional approaches, enabling these countries to regain their capacity for development and achieve economic stability.
President Tebboune’s message, delivered at the G20 summit in Johannesburg by Prime Minister Sifi Grib, affirmed Algeria’s commitment to a comprehensive vision for rebalancing the global economic system. He advocated for practical mechanisms, including debt cancellation or conversion into productive investments that generate added value and support real development in the countries concerned.
Algeria champions the reform of global financial institutions to ensure fair and transparent governance, restoring developing countries, particularly in Africa, to their rightful place in decision-making circles. This political and diplomatic stance underscores Algeria’s commitment to establishing a more equitable international economic order.
Furthermore, President Tebboune emphasized Algeria’s continued advocacy for mobilizing international resources to support the transition to renewable energy and clean technologies in developing countries. He asserted that this transition can only be achieved through balanced multilateral partnerships that guarantee shared interests and sustainable development.
In the context of crisis preparedness, Algeria strongly supports initiatives aimed at strengthening preventative and emergency financing. President Tebboune called for the creation of a rapid and effective financial mechanism to provide support in times of disaster.Algeria’s proactive role positions it as a key player in navigating the evolving global landscape.
