The African Development Bank (AfDB) has initiated an in-depth dialogue with Algerian authorities to develop a new investment portfolio. This portfolio will encompass sovereign financing, public-private partnerships, and technical support programs, all aligned with Algeria’s 2025-2030 strategy recently approved by the Bank Group.
This dialogue marks the first step in a renewed collaboration between the AfDB and Algeria, aiming to channel financial and technical resources towards supporting national development priorities and strengthening the Algerian economy. This aligns with the government’s objectives and structural reforms.
This dynamic follows the adoption of a comprehensive strategy for Algeria, built upon two main pillars. The first pillar focuses on developing strategic infrastructure, recognizing it as a key driver for stimulating growth and enhancing regional integration. The second pillar centers on accelerating structural economic transformation by supporting reforms and developing value chains in the agro-industrial sector.
Mohamed El Azizi, Director General for North Africa at the AfDB, emphasized that this approach aims to support Algeria in its transition towards a diversified and value-added economy. He stressed that infrastructure development is crucial for enhancing competitiveness, improving the investment climate, and creating employment opportunities, particularly for young people.
The new strategy prioritizes four key sectors: transport, energy, agro-industry, and economic governance. It adopts a selective approach based on the Bank’s comparative advantages and the priorities of the Algerian state. The strategy also aims to build upon achievements in the energy, agriculture, and governance sectors, supporting efforts to diversify national income sources and reduce dependence on hydrocarbons.
Furthermore, the strategy incorporates cross-cutting themes that prioritize youth employment, adaptation to climate change, and the promotion of gender equality. This reflects the Bank’s commitment to fostering an inclusive and sustainable development model. As the strategy enters its implementation phase, the AfDB Group is preparing to develop innovative financing mechanisms and expand areas of cooperation with Algeria. This will enable the launch of major projects capable of boosting economic growth and upgrading infrastructure.
