Minister of Finance representing President Tebboune at the Paris-Algeria Summit

Today, Thursday, in the French capital, Paris, the Minister of Finance, Aziz Fayed, will participate in the summit for a new international financial pact, in his capacity as representative of the President of the Republic, Abdelmadjid Tebboune.

According to a statement by the Ministry of Finance, the event will feature the participation of heads of state and government, officials of multilateral financial institutions, international organizations, and representatives of the public sector and civil society. Innovative solutions to the challenges faced by vulnerable and low-income countries.

According to the source, this summit will allow for discussions at the highest level regarding topics that will be addressed by the round tables on reforming multilateral development banks in light of new challenges, debt and partnerships for green growth, as well as innovative financing tools in the face of new weaknesses, in the presence of prominent personalities and heads of state. African countries, attesting to the importance of solidarity action for a more responsive and equitable international financial system that allows us to eliminate inequality, finance the climate transition and bring us closer to achieving the Sustainable Development Goals.

Algeria’s participation in this summit reflects all the interest shown by the country’s authorities in contributing to thinking about issues related to development financing with the aim of facing multidimensional crises, especially those related to the Corona epidemic (Covid-19), the state of excessive indebtedness and climate changes, which require the creation of dynamism. sustainable, leading to concrete commitments for a new financial pact between North and South.