SEVILLE (Spain)- The Algerian President, Abdelmadjid Tebboune, affirmed, in an address on Tuesday at the 4th International Conference on Financing for Development (FfD4), that Algeria had made sustainable development and international solidarity essential pillars of its foreign policy, through its permanent contribution to development efforts on the African continent as part of various bilateral and multilateral cooperation mechanisms, as well as through its full commitment to the implementation of continental integration via several projects.
The President of the Republic underscored that Algeria was currently working, through the Algerian International Cooperation Agency for Solidarity and Development, to support infrastructure, health, education, energy and other development projects in several African countries, to which it had devoted no less than one $1 billion.
By adopting a financial policy based on the mobilization of its own resources, Algeria has succeeded in completely freeing itself from the burden of external debt, which allows it to play an active role in helping countries that continue to be crushed under accumulated debts, which constitute an obstacle to sustainable development goals (SDGs), said the President of the Republic in an address delivered, on his behalf, by the Prime Minister, Nadir Larbaoui, during this international conference being held in Seville (Spain).
The President emphasized the need to move beyond diagnostic phase toward concrete initiative, by finding solutions capable of financing development, hoping that this conference would mark the start of a global development process.
Common well-being is henceforth a fundamental requirement, that can only be achieved by narrowing development gaps and disparities between nations, and the creation of an international environment allowing to take charge of the different challenges and crises that the world knows today, added the President of the Republic.
