Tafer reçoit une délégation de la Banque asiatique d’investissement pour les infrastructures
Meeting Summary between Algeria and the Asian Infrastructure Investment Bank
On Monday, Karima Tafer, Algeria’s Secretary of State for Mines, met with a delegation from the Asian Infrastructure Investment Bank (AIIB), led by Konstantin Limitovskiy, the head of the investment office. This meeting was hosted at the Ministry of Energy, Mines, and Renewable Energies and was part of AIIB’s participation in the annual meetings of the Islamic Development Bank (IDB), which are being held in Algeria from May 19 to 22.
Importance of Cooperation
During the meeting, Tafer emphasized the significance of collaboration between Algeria and the AIIB, highlighting Algeria’s developmental strides, especially in infrastructure, energy, hydrocarbons, renewable energy, mining, and desalination projects. The Algerian government views the AIIB as a crucial partner for sustaining and enhancing growth in these key sectors.
Current Projects and Developments
Tafer presented a comprehensive overview of ongoing projects in the energy and mining sectors. These projects include advancements in hydrocarbons, development of renewable energy sources, hydrogen production, and the efficient management of water and mineral resources. She underscored how these initiatives align with both national priorities and the interests of the AIIB.
AIIB’s Interest in Algeria
Limitovskiy outlined the missions and functions of the AIIB, noting Algeria’s status as one of the founding members since the bank’s inception in 2015. He expressed the AIIB’s commitment to support Algeria’s development in various sectors, particularly in hydrogen production, energy infrastructure projects, emission reduction technologies, and climate change mitigation efforts.
Establishing a Joint Working Committee
At the conclusion of their discussions, both parties agreed to establish a joint working committee. This committee will focus on exploring avenues for collaboration and identifying priority projects to solidify future partnerships between Algeria and the AIIB.
Conclusion
This meeting underscores the growing partnership between Algeria and the AIIB, emphasizing a shared vision for sustainable development and infrastructure enhancement in the region. The establishment of a joint committee aims to facilitate further cooperation and project identification, signaling a proactive approach to address the country’s developmental challenges.
