The European Bank for Reconstruction and Development (EBRD) has expressed its readiness to support Algeria’s efforts to diversify its economy. This commitment was conveyed during a meeting between Algerian Minister of Foreign Affairs Ahmed Attaf and EBRD President Odile Renaud-Basso.
The meeting took place on the sidelines of the 7th European Union-African Union Summit in Luanda. Discussions focused on strengthening cooperation between Algeria and the EBRD, considering Algeria’s role as a shareholder in the institution.
President Renaud-Basso affirmed the EBRD’s willingness to support Algeria’s diversification strategy, particularly through enhancing the capabilities and competitiveness of the private sector. Key areas of focus include agriculture and renewable energy.
Minister Attaf also held bilateral meetings with his counterparts from Benin and Ivory Coast. With Benin’s Minister of Foreign Affairs, Olushegun Adjadi Bakari, discussions centered on bilateral relations, with both ministers acknowledging the recent exchange of diplomatic representation between the two countries. They also addressed challenges in the Sahel-Saharan region and the need for collaborative efforts to address them.
During the meeting with Ivorian Minister of Foreign Affairs, Kakou Houaja Léon Adom, the ministers reviewed bilateral relations and agreed to initiate preparations for the next session of the Algerian-Ivorian Joint Committee. They exchanged views on developments in the Sahel region and emphasized the importance of enhanced coordination between Algeria and Ivory Coast, particularly given their membership in the African Union’s Peace and Security Council.
Furthermore, Minister Attaf met with João Gomes Cravinho, the European Union’s Special Envoy to the Sahel region. The meeting facilitated an exchange of perspectives on the latest political, security, and economic developments in the Sahel, as well as exploring opportunities to strengthen cooperation and coordination to support efforts aimed at promoting security and stability in the region.
These discussions highlight Algeria’s ongoing efforts to strengthen its international partnerships and address key regional challenges. The EBRD’s commitment signals potential for increased investment and development in Algeria’s diversifying economy.
