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Algeria Press Service

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27/04/2017 02:38

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You are here:HOME»ECONOMY»Algeria takes part in G24 meeting in Washington
Friday, 21 April 2017 15:09

Algeria takes part in G24 meeting in Washington

WASHINGTON- Algeria took part Thursday in the meeting of the Intergovernmental Group of Twenty Four (G-24), held on the sidelines of the Spring meetings of the World Bank and the International Monetary Fund (IMF).

The meeting focused on growth management in time of uncertainty, funding of development and reform of Bretton Woods institutions.

In a final communiqué culminating the meeting, G24 called on the development multilateral banks to implement their joint declaration supporting the investments in the infrastructures.

In this regard, G24 said that concessional financing remains a fundamental element of development funding, noting with satisfaction IMF’s decision to maintain interest rate at zero for its loans until the end of 2018. 

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