Adesina salue le soutien de l’Algérie à la BAD
Summary of Akinwumi Adesina’s Visit to Algeria
On Monday in Algiers, Akinwumi Adesina, the President of the African Development Bank (AfDB), acknowledged Algeria’s support for the pan-African financial institution and commended President Abdelmadjid Tebboune’s vision for Algeria’s development and modernization.
Following a meeting with the president, Adesina expressed gratitude for Algeria’s backing of the AfDB, which has allowed it to flourish into a global bank with a capital of $318 billion, ranking as the leading multilateral development bank worldwide. He highlighted Algeria’s financial contributions to various AfDB structures, particularly the African Development Fund (ADF).
Recognizing Algeria’s Development Initiatives
Adesina emphasized his admiration for the significant advancements made in Algeria, particularly under President Tebboune’s leadership. He noted the government’s focus on economic diversification and improving the quality of life for Algerians. Specifically, he praised projects such as the construction of two million housing units and investments aimed at transforming rural areas into prosperous economic zones.
Expressing his enthusiasm, Adesina stated, "I am deeply moved by the president’s passion for the youth, who are the future of this country, and for whom significant investments have been made." He reiterated the AfDB’s commitment to supporting Algeria’s vision through infrastructure development and sectors like digital economy, agriculture, blue economy, and job creation.
Key Infrastructure Projects
During his discussions with President Tebboune, Adesina addressed major infrastructure projects initiated in Algeria. He specifically mentioned two critical endeavors: a $2.6 billion railway project linking Laghouat and El Meniâ, and the road connecting Algeria and Mauritania. Additionally, the exploration of phosphate resources in Algeria was discussed, with Adesina affirming the AfDB’s readiness to partner with Algeria in realizing these developments.
Conclusion
Akinwumi Adesina’s visit to Algeria underscored the strong partnership between the AfDB and Algeria, showcasing mutual interests in economic enhancement and infrastructure growth. His commendation of Algeria’s strategic vision highlights the potential for collaborative efforts to drive sustainable development throughout the nation.
