Algiers \u2013 President Abdelmadjid Tebboune reaffirmed on Thursday that Algeria will never resort to foreign borrowing despite pessimistic forecasts promoted by certain circles.<\/p>\n\n\n\n
Speaking during a meeting with economic operators at the International Conference Center in Algiers, the President stressed: \u201cDespite all negative predictions and everything that has been said about us, we are now in the sixth consecutive year without resorting to debt.\u201d He added: \u201cWe have sufficient resources to manage the situation, and we will not turn to loans to cover daily needs or public management.\u201d<\/p>\n\n\n\n
The Head of State reminded that in his previous regular media meeting with national outlets, he had underlined Algeria\u2019s ability to maintain financial stability despite fluctuations in oil prices, thanks to the diversification of economic partnerships and support for non-hydrocarbon exports.<\/p>\n\n\n\n
President Tebboune also noted that Algeria\u2019s foreign currency reserves are currently at \u201ca satisfactory level,\u201d having seen relative improvement in recent months despite declining oil prices. These reserves, he explained, are sufficient to cover Algerian imports for nearly a year and a half.<\/p>\n\n\n\n
Reiterating Algeria\u2019s stance, the President made it clear: \u201cAlgeria will not resort to debt or austerity policies,\u201d confirming once again the country\u2019s economic sovereignty and independence from foreign financial institutions. This position also reflects Algeria\u2019s determination to preserve its decision-making freedom, in line with its historic role as a leader of independent policies in Africa and a firm supporter of peoples\u2019 self-determination, including Palestine and Western Sahara.<\/p>\n","protected":false},"excerpt":{"rendered":"
Algiers \u2013 President Abdelmadjid Tebboune reaffirmed on Thursday that Algeria will never resort to foreign borrowing despite pessimistic forecasts promoted by certain circles. Speaking during a meeting with economic operators at the International Conference Center in Algiers, the President stressed: \u201cDespite all negative predictions and everything that has been said about us, we are now …<\/p>\n","protected":false},"author":1,"featured_media":14614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"cybocfi_hide_featured_image":"","iawp_total_views":3,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-algeria"],"acf":[],"_links":{"self":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/14613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14613"}],"version-history":[{"count":1,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/14613\/revisions"}],"predecessor-version":[{"id":14615,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/14613\/revisions\/14615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/media\/14614"}],"wp:attachment":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}