World Bank VP in Algeria to strengthen partnership in inclusive growth, job creation

Washington, US PANA) - World Bank Vice President for the Middle East and North Africa, Ferid Belhaj is in on a two-day visit to Algeria from Wednesday to reaffirm the Bank’s support for the national goals of transforming the economy and unlocking the potential of the country’s large youth population, the Bank said.

This is Mr. Belhaj’s first visit to Algeria since his appointment as World Bank Vice President on 1 July 2018. He is due to meet with Algerian Prime Minister Ahmed Ouyahia, Minister of Finance Abderrahmane Raouya, Minister of Industry and Mining Yousef Yousfi, Minister of Transport and Public Works Abdelghani Zaalane, Minister of Interior and Local Government Noureddine Bedoui, Governor of Algerian Central Bank Mohamed Loukal, as well as representatives from the private sector and young entrepreneurs.

According to a statement issued by the World Bank, Mr Belhaj, accompanied by the Country Director for the Maghreb and Malta, Marie Francoise Marie-Nelly, Resident Representative Demba Ba and a delegation of World Bank experts, will hold discussions on the programme of cooperation between his institution and the Government of Algeria.

Discussions will focus on areas where the Bank has been providing advisory services as well as on the need to invest in human capital, infrastructure and new technologies, as a path toward transformation to a digital economy to stimulate inclusive growth and create jobs.

The World Bank Group’s portfolio in Algeria is composed of nine technical assistance projects in the sectors of agriculture, finance, investment climate, social protection, exports and integrated desert management.

The programs seek to boost growth through economic diversification, promote sustainable development, improve the efficiency of social programs and strengthen economic planning and management as well as evaluation of institutions.
-0- PANA AR 5Sept2018

05 september 2018 18:02:29




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