OLADE Executive Secretary Begins Strategic Visit to Algeria to Bolster Energy Cooperation Copy link

Global Leaders Convene to Advance “Seville Commitment” Amid Rising Economic Challenges for Developing Nations

NEW YORK – Algeria’s Minister of Finance, Abdelkrim Bouzered, began his participation on Monday at the United Nations headquarters in New York in the 2026 ECOSOC Forum on Financing for Development Follow-up.

According to a report by the Algeria Press Service (APS), the forum, which runs until April 24, was inaugurated by UN Secretary-General António Guterres, alongside the President of the UN General Assembly, Annalena Baerbock, and the President of the Economic and Social Council (ECOSOC), Lok Bahadur Thapa. The leaders emphasized the urgent need to advance the outcomes of the “Seville Commitment,” adopted by heads of state and government last June.

The opening session also featured high-level contributions from international financial institutions. Nigel Clarke, Deputy Managing Director of the IMF, and Paschal Donohoe, Managing Director and Chief Knowledge Officer of the World Bank Group, outlined their organizations’ efforts in supporting nations through the financing of sustainable development projects.

Furthermore, UN Deputy Secretary-General Amina J. Mohammed delivered a comprehensive presentation on the Secretary-General’s 2026 report on financing sustainable development. She highlighted the critical need to bolster international efforts, particularly as global economic instability increases the developmental pressure on the world’s poorest nations.

The report noted that rising borrowing costs and shrinking job opportunities, compounded by complex geopolitical tensions in the Middle East, threaten to reverse progress toward the Sustainable Development Goals (SDGs).

As part of the general debate, which concludes on Friday, Finance Minister Bouzered is scheduled to deliver an address highlighting Algeria’s national and international efforts in the field of development financing.

Source: Algeria Press Service (APS)

ALGIERS – The National Higher School of Mathematics (ENSM) in Algiers recently hosted a high-level academic exchange as part of the International Centre for Pure and Applied Mathematics (CIMPA) program. Held from April 5 to 16, 2026, the initiative aimed to foster international scientific cooperation and enhance advanced mathematical research in Algeria.

According to a statement released by the Embassy of the Kingdom of the Netherlands in Algeria, the program brought together a distinguished group of international professors. Among the prominent participants was Professor Peter Stevenhagen from Leiden University in the Netherlands, who contributed his expertise alongside other global scholars.

This year’s edition focused on specialized and strategic fields, including Arithmetic, Coding, and Cryptography. The sessions provided a unique platform for both Algerian and international students to engage with world-class academics, gaining deep insights into the mathematical foundations of modern digital security and data processing.

The Embassy of the Netherlands expressed its pride in participating in the program’s opening ceremony and conducting a tour of the ENSM facilities. During the visit, diplomatic representatives met with faculty members and students, highlighting the importance of such cross-border academic partnerships.

“We thank the Algerian Ministry of Higher Education and Scientific Research and the National Higher School of Mathematics for making this mutually beneficial cooperation possible,” the Embassy stated, wishing the participating students success in their future scientific endeavors.

This collaboration underscores Algeria’s growing role as a regional hub for excellence in mathematics and its commitment to integrating national elite schools into the global academic landscape.

Ministers Reaffirming Commitments to “Win-Win” Partnerships and Intra-African Trade via the Algiers-Lagos Corridor

ALGIERS, April 20, 2026 – In a significant step toward strengthening North-South economic ties in Africa, the Algerian Minister of Foreign Trade and Export Promotion, Professor Kamel Rezig, alongside Chadian Minister of Trade and Industry, Mr. Mathieu Guibolo Fanga, officially inaugurated the first session of the Algerian-Chadian Business Council today.

The meeting, held at the Ministry’s headquarters in Algiers, brought together a high-level delegation of business leaders and economic operators from both nations to transform historical ties into tangible investment projects.

A Strategic Pivot to Africa In his opening remarks, Professor Rezig emphasized that the establishment of this council is not merely a diplomatic gesture but a “practical mechanism” for economic cooperation. He noted that the initiative reflects the strong political will of President Abdelmadjid Tebboune and President Mahamat Idriss Déby Itno to move beyond traditional relations and build a robust African economic integration.

“Chad is a pivotal partner in Algeria’s strategic orientation toward its African depth,” Rezig stated. He highlighted several key logistics pillars supporting this vision, including the expansion of air connectivity between Algiers and N’Djamena and the activation of the Trans-Saharan Highway (Algiers–Lagos). These projects are expected to drastically reduce transport costs and facilitate the movement of goods and people across the continent.

Encouraging Investment and “Win-Win” Partnerships Minister Rezig issued a direct call to Algerian economic operators to seize the “promising opportunities” within the Chadian market. He reaffirmed the Ministry’s commitment to providing all necessary facilities to ensure a strong presence for Algerian products in Chad.

From his side, the Chadian Minister, Mathieu Guibolo Fanga, praised the launch of the council as a milestone for bilateral trade. He emphasized that Chad possesses vast natural resources and untapped economic potential that offer lucrative prospects for partnership in sectors such as agriculture, mining, and industry. Minister Fanga invited Algerian investors to explore these opportunities, building a “win-win” framework that serves the mutual interests of both economies.

Charting a New Course for Intra-African Trade The session provided a platform for direct B2B meetings, allowing businesses from both countries to discuss direct partnerships. The council’s activities are expected to breathe new life into trade exchanges, aligning with the broader goals of the African Continental Free Trade Area (AfCFTA) by fostering regional self-reliance and economic synergy.