Economic development: ADB reaffirms commitment to supporting Algeria's efforts

Publié le par id.algérie

Economic development: ADB reaffirms commitment to supporting Algeria's efforts

ALGIERS-The Resident Representative of the Group of the African Development Plan (ADB) in Algeria El Hadj Boubacar Sidiki Traore reiterated Wednesday the commitment of this financial institution to supporting Algeria's efforts in its economic and social development strategy.

During a meeting with Chairman of the National Economic and Social Council (CNES) Mohammed Saghir Babes, Traore "reiterated the ADB's commitment to supporting the efforts of the Algerian authorities in their economic and social development strategy," the CNES said in a statement.

He also recalled "Algeria's major role in this continental instance, to which it represents one of the most important contributors," the statement added.

For his part, Babes, recalling the leading role of ADB as the first of the participating financial institutions in Africa's development, emphasized the need to give priority to the African Union's initiatives, mainly the one relating to the NEPAD (New partnership for Africa's development).

"There is a need to open our national economy towards the Sahel-Saharan space, space/market in the future, able to accompany the desire to diversify our non-oil exports," according to Babes.

The two sides also reviewed the partnership-links that characterize the cooperation of Algeria with ADB while addressing the various programs and measures being implemented especially those related to the issues of economic diversification, promotion and support for SMEs/SMIs and youth employment.

Finally, both parties agreed projections offered by the Agenda 2030, which places sustainable development at the center of public policies, the statement added. 


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