From Algiers to Annaba: Pope Leo XIV Traces the Footsteps of Saint Augustine in a Pilgrimage of Peace Copy link

Algeria’s GDP (PPP) Projected to Surpass $915 Billion in 2026, Positioning it Among Africa’s Top 4 Economies

ALGIERS – Recent publications from the African Development Bank (AfDB), the World Bank (WB), and the International Monetary Fund (IMF) have reached a nearly identical conclusion regarding Algeria’s economic outlook. These three major financial institutions unanimously agree that the Algerian economy is displaying significant resilience in the face of global geopolitical and economic turbulence, establishing itself as one of the most dynamic nations on the continent.

AfDB: Strong Growth and Robust Reserves

In its “Africa Economic Performance and Outlook 2026” report, the AfDB paints a favorable picture, estimating growth at 3.3% in 2025, rising to 3.9% in 2026 and 4.0% in 2027. This momentum is largely attributed to investments by the national oil company in partnership with foreign firms to expand production. Beyond energy, the report highlights the impact of significant public spending on social infrastructure and household consumption. Furthermore, inflation is projected to remain stable at 2.8% for the 2026-2027 period, supported by foreign exchange reserves covering 15.8 months of imports.

World Bank: Upward Revisions and Global Recognition

The World Bank has revised its 2026 growth forecast for Algeria upward to 3.7%, a notable exception in the MENAAP region where many forecasts are trending downward. This follow’s the WB’s 2024 reclassification of Algeria as an Upper-Middle-Income country. The institution notes that the current account deficit is expected to shrink significantly from -5.9% in 2025 to -2.4% in 2026, reflecting an “ambitious path for development and economic modernization.”

IMF: A Trillion-Dollar Horizon

The IMF provides further strategic insight, focusing on Purchasing Power Parity (PPP). According to its latest estimates, Algeria’s GDP is set to reach $915 billion in 2026, on a trajectory to exceed the $1 trillion mark by 2029. This performance secures Algeria’s position among the Top 4 economies in both Africa and the Arab world, signaling a rapidly expanding capacity for production and consumption.

Conclusion: A Path of Stabilization

While challenges regarding fiscal diversification persist, the consensus among these global institutions confirms that the Algerian economy is in a phase of progressive consolidation. The stable growth is underpinned by improving fundamentals and the strategic investment choices made in recent years.

Source: L’Algérie Aujourd’hui

National Team Coach Gives Green Light for Future Collaboration; Final Signature Expected in the Coming Weeks

ALGIERS – The President of the Algerian Football Federation (FAF), Walid Sadi, has confirmed that a principle agreement has been reached with the national team head coach to extend his contract.

Speaking on the sidelines of the FAF Ordinary General Assembly held this Saturday in Algiers, Walid Sadi indicated that the Bosnian tactician has given his approval to continue his journey at the helm of the national team. “Regarding the coach’s contract extension, Petkovic has, in principle, given his consent,” he stated.

The Federation’s president further specified that a draft contract has already been prepared and forwarded to the coach’s legal representative. “We have drafted a version that was sent to his counsel. Overall, we have agreed on all the details. Only the signature remains, which is expected to take place in the coming weeks,” Sadi added.

It is worth noting that Vladimir Petkovic was personally present during the FAF Ordinary General Assembly, further signaling the mutual desire of both parties to continue their collaboration.

Source: lalgerieaujourdhui.dz

Malika Bendouda Orders UNESCO Listing for Hippo Regius and Launches the “Augustinian Itineraries” Project

ANNABA – The Minister of Culture and Arts, Malika Bendouda, conducted a working and inspection visit to the province of Annaba this weekend, focusing on major archaeological sites, most notably the prestigious Hippo Regius site and museum.

This visit is part of the ongoing preparations for the official visit of His Holiness Pope Leo XIV to the region. During her tour, Ms. Bendouda oversaw the reopening of the Hippo Museum to the public following the completion of extensive refurbishment and spatial study works.

Archaeological Treasures The Minister emphasized the historical and universal significance of the artifacts housed within the museum, including the exceptional “Gorgone” mask and the renowned “Statue of Victory,” both considered rare masterpieces of world heritage. In a strategic move to enhance the international standing of Algeria’s national heritage, Ms. Bendouda issued immediate instructions to prepare a comprehensive technical dossier to nominate the Hippo Regius archaeological site for the UNESCO World Heritage List, as a centerpiece of the famous “Augustinian Itineraries.”

A Spiritual and Cultural Hub The Minister also called for the establishment of an interpretation center dedicated to the legacy of Saint Augustine within the museum. This center aims to highlight the civil and spiritual heritage of the philosopher-saint, making the site an essential reference point in the region.

The visit also included an inspection of the Basilica of Saint Augustine, which overlooks the hills of Hippo. Ms. Bendouda praised the deep symbolism of this landmark, which harmoniously blends Roman, Byzantine, and Moorish architectural influences. She stressed the vital importance of preserving these archaeological treasures while upgrading reception facilities for visitors and international delegations, ensuring they reflect Algeria’s profound cultural and civilizational richness.