A steering committee meeting was held on Wednesday to evaluate the implementation of the institutional twinning program between the Algerian Investment Promotion Agency and the German Federal Ministry for Economic Affairs and Energy. The meeting aimed to assess activities completed over the past two months and follow up on the implementation of tasks scheduled for the coming period, as part of the institutional twinning project launched last November.
The meeting, held via video conference, was chaired by the Director General of the Agency and project leader for the Algerian side, Omar Rekkache, and the Director at the Federal Ministry for Economic Affairs and Energy and project leader for the German side, Gerlind Heckmann, alongside Fausto Perrini, a representative of the European Union delegation to Algeria.
The session featured a detailed presentation of the activities achieved, allowing for a review of accomplishments during the previous period, particularly regarding the enhancement and improvement of investment promotion techniques and tools, as well as the development of data and statistics utilization in evaluation, reporting, and studies.
During the meeting, Rekkache explained that the first phase of the program allowed for the identification of initial gains and the implementation of necessary adjustments and reviews to ensure greater alignment between the project and the agency’s needs and national priorities related to attracting investment.
He further emphasized that the main objective of the twinning is to enable the agency to adopt best practices in investment promotion, develop its approach to targeting investments, and transform this program into a lever for institutional change with practical, tangible, measurable, and sustainable results. He praised the quality of exchanges that characterized the various meetings and tasks between the agency’s staff and German experts.
For her part, Heckmann commended the results achieved during the first phase of the twinning, stressing the need to continue working to achieve all the twinning’s objectives and efficiency.
The institutional twinning, which spans eight months, aims to exchange knowledge and expertise between the two sides in modernizing management tools, improving governance, and developing mechanisms for promoting and targeting value-added investments.
The program is expected to enable the Algerian Investment Promotion Agency to strengthen its institutional capacities in digitalization and the utilization of investment-related data, develop economic analysis tools, and target high-value-added investments. It also aims to adopt best practices in promoting and following up on projects to ensure speed and transparency in public services provided to investors, while adopting a more effective approach to attracting sustainable investments that contribute to wealth creation, job opportunities, and technology transfer.
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