Algeria: An African Exception in Debt Management, Says Afreximbank

In its latest report published at the end of May, the African Export-Import Bank (Afreximbank) highlighted Algeria as one of the few African countries not facing external debt pressure, positioning it as an exceptional case on the continent.

According to the report, Algeria relies on its own resources to finance major infrastructure projects without resorting to foreign loans or international financial institutions. The country’s substantial foreign currency reserves bolster its resilience to external shocks, classifying it among the continent’s financially stable economies.

Afreximbank further noted that Algeria’s refusal to use external debt—contrary to the path taken by many African nations—protects it from the risks of dependency on international creditors’ conditions. The report praised Algeria’s cautious economic policies aimed at shielding the country from global market volatility.

The bank described Algeria as a “notable African exception” in debt management and presented its model as a potential source of inspiration for other nations seeking financial and sovereign independence.