Bouzred prendra part à Abidjan aux assemblées annuelles de la BAD
Summary of Finance Minister’s Participation in AfDB Annual Meetings
Event Overview
On Monday, Algerian Finance Minister Abdelkrim Bouzred will lead a delegation to Abidjan, Côte d’Ivoire, for the annual meetings of the African Development Bank (AfDB), scheduled from May 26 to 30. According to a ministry statement, these meetings are significant for the institution, particularly as they will feature elections for a new president amidst a competitive field of five candidates.
Algeria’s Role and Objectives
Algeria, the third-largest regional shareholder in the AfDB, aims to play a pivotal role in the upcoming presidential election due to its strategic position. During the annual meetings, the AfDB’s Board of Governors will review and approve annual reports, financial statements, and strategies focused on economic and social development across Africa.
Bilateral Meetings and Collaborative Efforts
In addition to participating in plenary sessions, Minister Bouzred will engage in bilateral discussions with finance ministers from other member states and high-ranking officials from regional and international financial institutions. This approach reflects Algeria’s intent to foster dialogue, boost cooperation, and advance its economic interests on both regional and global platforms.
Commitment to Multilateral Engagement
Algeria’s attendance is part of its ongoing efforts to enhance its influence within multilateral financial institutions and to contribute actively to major African development initiatives.
Significance of the Annual Meetings
The AfDB annual meetings serve as the most critical statutory event for the organization, attracting heads of state, finance ministers, central bank governors, economic leaders, development partners, investors, and international experts. Key topics addressed will include current economic and financial issues, as well as the broader challenges Africa faces in achieving inclusive and sustainable growth and development.
Minister Bouzred’s participation underscores Algeria’s commitment to engaging in discussions that shape the continent’s economic landscape, showcasing its dedication to collaborative solutions for Africa’s development.
