US EditionAlgeria and IDB Sign $3 Billion Cooperation Agreement, No External Debt Planned - The Maghreb Times !
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Algeria and IDB Sign $3 Billion Cooperation Agreement, No External Debt Planned - The Maghreb Times !
Algiers, May 2025 – In a significant development for Algeria’s economic landscape, the Islamic Development Bank (IDB) has announced a new cooperation framework with Algeria, valued at $3 billion for the period 2025-2027. The agreement, signed under the patronage of Algerian President Abdelmadjid Tebboune, focuses on providing financial and insurance services tailored to Algeria’s needs. Notably, IDB President Muhammad Sulaiman Al-Jasser emphasiz…
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