les institutions financières multilatérales appelées à mobiliser davantage de ressources pour financer les projets
Summary of the Speech by Prime Minister Nadir Larbaoui
During the opening session of the Annual Assemblies of the Islamic Development Bank (IDB) held in Algiers, Prime Minister Nadir Larbaoui emphasized the essential role of multilateral financial institutions in facilitating sustainable development. He addressed various attendees, including IDB President Muhammad Al Jasser, government officials, and members of the Organisation of Islamic Cooperation (OIC), calling for an urgent need to bolster institutional capacities and mobilize resources.
Larbaoui highlighted the pressing international changes that negatively impact the socio-economic conditions of Muslim nations. He argued that independent development actions within a multilateral framework, particularly through South-South cooperation, are critical to overcoming obstacles and enhancing the prosperity of Muslim communities.
He pointed out the ongoing suffering of the Palestinian people, exacerbated by violent actions and the destruction of infrastructure due to the Israeli occupation, which remains largely unaddressed by the international community. He called for solidarity and cooperation, urging the IDB to focus on vital sectors like health, education, and food security to support Palestinian resilience.
The Prime Minister also noted Algeria’s strong commitment to international cooperation and territorial integrity, underscoring the establishment of the International Cooperation Agency for Solidarity and Development by President Abdelmadjid Tebboune. He spoke of Algeria’s transformative economic reforms aimed at diversification, which have led to tangible socio-economic improvements, including job support, salary increases, and modernization of the education system.
Larbaoui praised the evolution of Islamic finance in Algeria and outlined the government’s ambitious investment program aimed at resource optimization, industrial transformation, and sustainable energy solutions. He concluded by expressing hope for solidified progress in collaboration with the IDB to foster integrated economic growth across Muslim nations.
Expanded Summary (Approx. 800 Words)
On a significant occasion in Algiers, Prime Minister Nadir Larbaoui delivered an impactful speech at the opening of the Annual Assemblies of the Islamic Development Bank (IDB). Echoing the importance of collective action and cooperation, he urged multilateral financial institutions—particularly the IDB—to intensify their efforts in enhancing capabilities while mobilizing critical human and technical resources. He stressed the urgency of ensuring adequate funding for essential projects, especially those related to infrastructure and industrial transformation, highlighting their direct connection to sustainable development.
The venue, the "Abdelatif Rahal" International Conference Center, hosted various dignitaries, including IDB President Muhammad Al Jasser, Finance Minister Abdelkrim Bouzred, and members of the OIC. In his address, Larbaoui firmly asserted that the current international shifts have severely impacted the socio-economic landscape of Muslim nations. This scenario underscores the necessity for independent, multilateral development action, particularly through South-South collaborations, to dismantle barriers and foster growth and prosperity among Muslim societies.
A poignant part of his message focused on the ongoing plight of the Palestinian people, subjected to persistent aggression, infrastructural ruin, and systemic challenges resulting from the Israeli occupation. The Prime Minister lamented the international community’s deafening silence as the humanitarian crisis escalates, calling for an urgent commitment to the principles of solidarity and cooperation that underpin the IDB’s foundation. He urged attendees to mobilize the IDB’s mechanisms to assist the Palestinian people, particularly in crucial sectors such as health, education, and nutrition.
Larbaoui’s reflection on Algeria’s hosting of the IDB Assemblies for the third time reinforced the nation’s steadfast belief in Islamic cooperation and solidarity. He took this opportunity to remind attendees that Algeria was among the pioneering countries advocating for the establishment of a development bank aimed at promoting growth and cooperative efforts within the Muslim Ummah.
In further remarks, the Prime Minister underscored Algeria’s strategic decision, made by President Abdelmadjid Tebboune, to create the International Cooperation Agency for Solidarity and Development. This initiative embodies Algeria’s commitment to international cooperation and support for territorial integrity. The Prime Minister hailed the comprehensive economic diversification efforts currently adopted by Algeria, which aim to facilitate a broad-range national reform project.
These deep-rooted reforms have reportedly led to significant socio-economic achievements. The government has implemented supportive measures for employment, increased salaries, and modernized the university education system—all crucial components in enhancing human resource capacities, a key driver for economic activities. This achievement is pivotal in enabling the workforce to adapt to the evolving economic landscape.
Moreover, Larbaoui articulated the noteworthy progress made in the sphere of Islamic finance within Algeria. He expressed optimism for the future, indicating that these advancements would be further solidified through a comprehensive investment program targeting the valorization of mineral resources and a holistic transformation of industrial and energy sectors. This program, steered by the President, indicates Algeria’s proactive stance in harnessing its assets for economic empowerment.
In summary, the Prime Minister’s discourse addressed critical areas of concern within the Muslim world, advocating for a strengthened collaborative approach among nations. His emphasis on bolstering infrastructure, improving educational and health sectors for the Palestinian community, and enhancing economic performance through reforms and investments encapsulates the vision for a prosperous future. By promoting solidarity and cooperation, Larbaoui aims to generate a ripple effect that transforms challenges into opportunities for growth and development across the Muslim world. The speech not only articulated Algeria’s commitment to fostering sustainable development but also envisioned a more united approach to overcoming shared challenges.
