Algiers – Algerian Minister of Foreign Affairs, Ahmed Attaf, held discussions with Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), on Tuesday morning, according to a statement released by the Algerian Ministry of Foreign Affairs.
The meeting provided an opportunity to review the cooperative relationship between Algeria and the financial institution, exploring future prospects for collaboration. Algeria is a shareholder in the EBRD.
According to the statement, Ms. Renaud-Basso expressed the EBRD’s readiness to support Algeria’s efforts to diversify its national economy. This support would focus particularly on developing the capabilities and competitiveness of the private sector in several key areas.
These key areas include agriculture and renewable energies. The EBRD’s potential involvement aims to bolster Algeria’s economic diversification strategy and foster sustainable growth across various sectors.
The discussions highlight Algeria’s commitment to strengthening its economic ties with international financial institutions and its proactive approach to diversifying its economy beyond traditional sectors. The focus on agriculture and renewable energy underscores the country’s ambition to develop sustainable and resilient industries.
Further details regarding specific projects and initiatives resulting from the discussions are expected to be released in the coming weeks.
