BY: Hana Saada
ALGIERS- Chris Geiregat, Head of the International Monetary Fund (IMF) mission, has been in Algeria for a week as part of the annual consultations with the Bretton Woods institution. During his stay, Geiregat held discussions with several high-ranking state officials, including the Minister of Energy and Mines, Mohamed Arkab, and the Minister of Commerce and Promotion of Exports, Tayeb Zitouni.
In a press conference, Geiregat revealed that Algeria achieved a growth rate of 4.2% in December, a trend expected to be sustained throughout 2024. He attributed this positive economic outlook to the ongoing reforms in Algeria, particularly in monetary and banking legislation, the new investment code, and the national digitization strategy, which he encouraged the country to maintain.
The sustained growth, according to Geiregat, is underpinned by advancements in the hydrocarbons, industry, and construction sectors. He commended Algeria’s efforts in these areas but urged the country to intensify its focus on improving the investment climate and exploring new investment opportunities, especially in the hydrocarbons sector. Geiregat also expressed appreciation for Algerian banks’ decisions to open branches abroad to support economic operators.
Addressing foreign exchange reserves, the IMF mission chief disclosed that Algeria currently holds reserves sufficient for 14 months of imports. This indicates a robust financial position that provides a buffer against external economic challenges.
The IMF’s positive assessment aligns with Algeria’s commitment to economic reforms aimed at diversifying its economy, reducing dependency on hydrocarbons, and fostering a more conducive environment for foreign investment. As the country continues on this path, the IMF anticipates continued economic growth, making Algeria an increasingly attractive destination for investors and contributing to its overall economic resilience.
Dzair Tube Media Group
Dzair Tube has firmly established itself as a prominent player among Algerian digital news sites, offering a diverse and enriching content experience. The platform, available in Arabic, French, and English editions, captures the attention of a wide-ranging audience, amassing over half a million daily clicks.
A testament to its commitment to excellence, Dzair Tube received the prestigious President of the Republic’s Award for Professional Journalist in the Electronic Press category on October 22, 2022. This recognition underscores the platform’s unwavering dedication to upholding the highest standards of journalism.
With a significant online presence, Dzair Tube boasts 350,000 subscribers on YouTube, over five million followers on various Facebook pages, and 450,000 subscribers on Instagram. Its digital channel has become a hub for diverse programming, covering news, sports, entertainment, culture, and religion, catering to a broad spectrum of audience preferences.
Equipped with state-of-the-art studios and advanced technology, Dzair Tube’s digital channel has garnered substantial viewership for its varied programs. Hosting interactive discussions with influential figures across different domains, the platform actively fosters public discourse and engagement. Beyond news coverage, Dzair Tube extends its commitment to the production of marketing documentaries, short TV commercials, and high-viewership programs.
The success of the print edition of Dzair Tube’s sports newspaper, “Dzair Sport,” further highlights the platform’s impact, with over 50,000 daily downloads from the official Dzair Tube website.
Recently honored with the Media Leadership Award from the Minister of Communication, Mohamed Laâgab, Dzair Tube continues to shape the landscape of Algerian digital news, maintaining a position of influence and impact in the media industry.
