The President of the Republic, Abdelmadjid Tebboune, decided, on Sunday, to allocate one billion US dollars for the benefit of the Algerian Agency for International Cooperation for Solidarity and Development, to finance development projects in African countries.
In a speech read by the Prime Minister, Ayman Ben Abdelrahman, at the 36th Summit of Heads of State and Government of the African Union, which is continuing its work in Addis Ababa, the President of the Republic affirmed that this step comes from “Algeria’s conviction that security and stability in Africa are linked to development.”
In this regard, the President of the Republic said: “I decided to pump an amount of one billion US dollars in favor of the Algerian Agency for International Cooperation for Solidarity and Development to finance development projects in African countries, especially those of an integrated nature, or those that would contribute to advancing development in the continent.” “.
The Agency will initiate procedures for implementing this strategic initiative, in coordination with African countries wishing to benefit
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