IMF Managing Director Commends Algeria’s Progress in Promoting Investment, Economic diversification
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, welcomed the progress made by Algeria in recent years to promote investment, digitization, and exports other than hydrocarbons, emphasizing the “already strong” foundations of the Algerian economy.
“We welcome Algeria’s recent progress in fostering investment and improving the business environment through the adoption of the Investment and Land Laws, the establishment of the Algeria Agency for Investment Promotion (AAPI), and steps to digitize public administration, which are helping to reduce red tape. These efforts have been accompanied by progress in scaling up non-hydrocarbon exports, which have more than doubled over the past five years,” Georgieva said in an interview with APS.
She was speaking on the eve of her participation in an economic conference in Algiers, jointly organized by the Bank of Algeria and the IMF, titled “North Africa: Connecting Continents, Creating Opportunities.” The IMF official stated that “Algeria has recovered well since the pandemic. Growth has remained resilient in 2025 supported by substantial public investment, while inflation has eased,” recalling that the Algerian authorities have prioritized investment in digital, transport, and energy infrastructure.
In this context, she noted that while Algeria faces many challenges, it also possesses opportunities, stressing that “rapid technological change aligns well with Algeria’s efforts to advance digitalization, while the reorganization of global supply chains creates new openings to attract investment and expand trade. Algeria also has significant potential in renewable energy, including solar and green hydrogen.” According to the IMF Managing Director, “policies and public investments that have expanded internet access have already fostered a growing startup ecosystem. In transport, ongoing government investments in ports, railways, and logistics can reduce trade costs and delays, improving Algeria’s integration into regional and global value chains.” “Efforts to leverage Algeria’s strengths in hydrocarbons and renewables positions the country to play an important role as a regional energy hub, through electricity interconnections, renewable generation, and emerging green hydrogen projects. These connections can support industrial development, technology transfer, and job creation across borders,” she explained.
As regards the Algiers Conference, she said that “it takes place at a time when regional cooperation matters more than ever.” “In a world of rising geopolitical risks, shifting trade patterns, and reconfigured supply chains, deeper regional integration can help countries build resilience and unlock more sustainable and diversified growth,” Georgieva continued.
“This is my first visit to Algeria, serving as an opportunity to deepen the Fund’s partnership with the Algerian authorities,” concluded the IMF Managing Director.
