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Algeria Press Service

Current exchange rate Algerian Dinar|23/04/2017

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24/04/2017 10:32

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Tuesday, 21 March 2017 17:51

Sellal receives WB delegation

ALGIERS- Prime Minister Abdelmalek Sellal has received, Tuesday in Algiers, a delegation of the World Bank, led by Hafez Ghanem, Vice President for the Middle East and North Africa, said the Prime Minister Office in a statement.

The audience was an opportunity to "assess cooperation between Algeria and this international financial institution, with the framework of the assistance and support programme for the development and diversification of national economy," said the statement.

The discussions were attended by Minister of Finance Hadji Babaammi.

Published in ALGERIA

WASHINGTON- Algeria has an immense growth and development potential, the World Bank (WB) said in a statement, noting the country's successful reduction in poverty rates over the last fifteen years.

Algeria has managed during the past 15 years to reduce the rate of poverty from 20 to 7 percent, which is a significant success, said the WB deputy chairman for the Middle East and North Africa (MENA), Hafez Ghanem, who is on a visit to Algeria.

Ghanem stressed the importance of building on such achievements to get a more productive and innovative society.

The World Bank has provided assistance to several countries in their reform programmes, including Poland, Kazakhstan and Viet Nam, he said in a statement issued by the financial institution.

The WB official expressed wish that Algeria benefits from World Bank's expertise in laying the foundations for the future sustainable development.

He added that Algeria has a huge potential and is developing a strategic vision to make full use of it.



Published in ECONOMY

WASHINGTON (U.S.A) The Vice president of the World Bank for the Middle East and North Africa Hafez Ghanem will pay a visit to Algeria, as from Sunday, to discuss the development prospects of the Algerian economy, sources of this international financial institution told APS on Friday.

For his second visit to Algeria, Ghanem will be accompanied by several officials of the WB, including Marie Francoise Marie-Nelly, Country Director for the Maghreb and Malta, Middle East and North Africa, Demba Ba, Country Manager for Algeria, and a high official of the International Finance Corporation (IFC) George Ghorra.

During this four-day visit, Ghanem will hold several meetings with the Algerian authorities, added the source.

He will also broach Algeria’s medium and long-term economic priorities and the state of cooperation between Algeria and this Bretton Woods institution.

The visit will also be an opportunity to address the ways to strengthen this cooperation, said the source.

Published in ECONOMY

ALGIERS- The success of the economic development process of Algeria, which has great potentialities, represents a priority for the World Bank, its Vice President of for the Middle East and North Africa (MANA) Hafez Ghanem said Monday here.

In a statement to APS following his meeting with Head of the National Economic and Social Council (CNES), Mohamed-Seghir Babes, Ghanem said that his visit to Algeria intends to "reinforce the partnership between Algeria and the World Bank for the success of the economic development process in the country (Algeria)."

The WB official added that the meeting was centered on the means for diversifying the economy and the sectors in which Algeria can develop investments given its "strong potential" and its experience in the matter.

As for him, Babes stressed that the meeting had allowed to broaching several issues related to the role of the World Bank and its relationship with member countries, citing the agreement signed between CNES and the WB.

Moreover, the development in the world in the light of the implementation of the post-2015 sustainable development plan was also discussed, CNES head added.

Ghanem started on Sunday a three-day visit to Algeria to discuss with Algerian officials about the progress of the cooperation programmes with the World Bank and the questions relating to the MENA region development.

Published in ECONOMY