By: Hana Saada
ALGIERS -President of the Republic Abdelmadjid Tebboune has decided to allocate USD1 billion to the Algerian Agency for International Cooperation for Solidarity and Development, in order to fund development projects in African countries.
In an address read by the Prime Minister, Mr. Aïmene Benabderrahmane, during the 36th Summit of Heads of State and Government of the African Union (AU), the work of which continues on Sunday in Addis Ababa, the President of the Republic affirmed that this approach stems from “Algeria’s conviction that security and stability in Africa are linked to development”.
“I have decided to inject an amount of one billion US dollars for the benefit of the Algerian Agency for International Cooperation for Solidarity and Development for the financing of development projects in African countries, in particular integration projects or those able to contribute to accelerating development in Africa,” said President Tebboune.
The Agency will begin the procedures for implementing this strategic initiative in coordination with the African countries wishing to benefit from it.
