{"id":8772,"date":"2024-10-22T12:08:02","date_gmt":"2024-10-22T11:08:02","guid":{"rendered":"https:\/\/dzwatch.dz\/?p=8772"},"modified":"2024-10-22T12:08:03","modified_gmt":"2024-10-22T11:08:03","slug":"global-parliamentary-forum-2024-algeria-showcases-efforts-to-diversify-its-economy","status":"publish","type":"post","link":"https:\/\/dzwatch.dz\/?p=8772","title":{"rendered":"Global Parliamentary Forum 2024: Algeria Showcases Efforts to Diversify Its Economy"},"content":{"rendered":"\n

Algiers<\/strong> \u2013 The 2024 Global Parliamentary Forum<\/strong>, organized by the World Bank<\/strong> and the International Monetary Fund (IMF)<\/strong>, kicked off on Monday in Washington, D.C.<\/strong>, with the participation of two deputies from Algeria\u2019s National People\u2019s Assembly<\/strong>. The Algerian representatives highlighted their country\u2019s efforts to diversify exports beyond hydrocarbons<\/strong> and promote local production<\/strong>.<\/p>\n\n\n\n

According to a statement from the National People\u2019s Assembly, Salim Merah<\/strong> and Youssef Hamidi<\/strong> participated alongside representatives from Algeria\u2019s Council of the Nation<\/strong> in a discussion focused on parliamentary priorities<\/strong>. The session provided a platform for legislators from various countries to share their national strategies and policies.<\/p>\n\n\n\n

Algeria\u2019s Economic Reforms and Diversification Efforts<\/h3>\n\n\n\n

During the forum, Salim Merah emphasized Algeria\u2019s ongoing initiatives to reduce dependence on hydrocarbons<\/strong>, encourage local industries<\/strong>, and safeguard citizens’ purchasing power<\/strong>. He stressed the importance of protecting financial reserves<\/strong> to ensure economic stability and sustainable growth.<\/p>\n\n\n\n

The Algerian deputy also praised the role of the national parliament in legislating financial, production, and investment frameworks<\/strong>. Additionally, he highlighted the significance of parliamentary diplomacy<\/strong> in promoting Algeria’s economic and trade opportunities<\/strong> on the international stage.<\/p>\n\n\n\n

Merah further advocated for a multipolar world<\/strong> and more equitable economic policies<\/strong>, reminding participants that the IMF recently ranked Algeria as the third-largest economy in Africa<\/strong> by the end of 2024.<\/p>\n\n\n\n

Parliamentary Dialogue on Global Cooperation<\/h3>\n\n\n\n

The parliamentary session was chaired by Liam Byrne<\/strong>, a British parliamentarian and founding president of the Parliamentary Network of the World Bank and the IMF<\/strong>. This year’s forum is themed \u201cOvercoming the Challenges of Multilateralism\u201d<\/strong>, addressing the complexities of global cooperation in a shifting geopolitical landscape.<\/p>\n\n\n\n

The National People\u2019s Assembly<\/strong> of Algeria is represented at this year\u2019s forum by Merah and Hamidi<\/strong>, both of whom are permanent members of the World Bank and IMF Parliamentary Network<\/strong>. Their participation underscores Algeria’s engagement in international efforts to foster inclusive economic growth and strengthen multilateral collaboration.<\/p>\n\n\n\n

For further details, visit: DZWATCH.DZ<\/a><\/p>\n\n\n\n

Author<\/strong>: Nor-Eleslam<\/em><\/p>\n\n\n\n

Algeria, economic diversification, Global Parliamentary Forum, World Bank, IMF, hydrocarbon exports, parliamentary diplomacy, Africa\u2019s largest economies<\/p>\n","protected":false},"excerpt":{"rendered":"

Algiers \u2013 The 2024 Global Parliamentary Forum, organized by the World Bank and the International Monetary Fund (IMF), kicked off on Monday in Washington, D.C., with the participation of two deputies from Algeria\u2019s National People\u2019s Assembly. The Algerian representatives highlighted their country\u2019s efforts to diversify exports beyond hydrocarbons and promote local production. According to a …<\/p>\n","protected":false},"author":1,"featured_media":8773,"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":10,"footnotes":""},"categories":[50],"tags":[],"class_list":["post-8772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/8772","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=8772"}],"version-history":[{"count":1,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/8772\/revisions"}],"predecessor-version":[{"id":8774,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/8772\/revisions\/8774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/media\/8773"}],"wp:attachment":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}