Benabderrahmane examines in Washington Algeria's economic reform steps

           
WASHINGTON (United States)- Prime Minister Aymen Benabderrahmane reviewed Wednesday, in Washington, the major stages of Algerian economic reforms, especially the funding of basic infrastructures and energy transition.
In an address at a meeting held under the title "Building a Sustainable Future:
Partnership to Finance African Infrastructure and the Energy Transition," as part of an African-US Business Forum held on the sidelines of the second day of the US-African Leaders Summit, Benabderrahmane called "appropriate" the choice of this significant theme.
Algeria "attaches a paramount importance to all the aspects of this significant issue, mainly basic infrastructures, energy transition and sustainable development," the Prime minister said, stressing the need to "diversify the sources of funding."
The Premier mentioned the main reforms provided for in the new law on investment, which includes several measures and benefits to investors.
Benabderrahman cited the "creation of a single window and a digital platform dedicated to investment, providing guarantees to investors in all fields, and ensuring the stability of the legal system."
 
Prime Minister holds, in Washington, talks with US Secretary of Commerce
 
 
WASHINGTON- Prime Minister Aimene Benabderrahmane held Wednesday, in Washington, talks with the US Secretary of Commerce Gina Raimondo, on the sidelines of his participation in the US-Africa Summit, in his capacity as representative of President of the Republic Abdelmadjid Tebboune.
 
During this meeting held during the African-American Business Forum, the two sides affirmed the two countries’ common willingness to strengthen the economic content of the bilateral relations in order to raise them up to the level of the political relations between Algeria and the United States.
 
In this regard, the Prime minister reviewed the reforms made by Algeria, following the guidelines of President of the Republic Abdelmadjid Tebboune to improve the investment and business climate in the country, that enabled Algeria to establish itself as a destination for investments par excellence.
 
The two sides discussed the huge investment opportunities offered by the Algerian market thanks to the priorities defined by the Government in its action plan for the implementation of the programme of the President of the Republic, notably in the sectors of agriculture, basic infrastructures, energy, renewable energy and ICTs.
 
In this regard, Raimondo stressed the great interest expressed by the American operators to invest in Algeria.
 
The two sides stressed their joint efforts in order to accompany the investors and intensify contacts between the two countries’ businessmen.
 
In this regard, the two sides agreed to prepare a visit to Algeria by the US Secretary of Commerce, leading a large delegation of businessmen, scheduled for the first quarter of 2023.
 
Prime Minister receives US President's Special Climate Envoy John Kerry
WASHINGTON-Prime Minister, Aïmene Benabderrahmane, received in Washington special envoy of the President of the United States of America for the climate, John Kerry, on the sidelines of his participation in the U.S.-Africa Summit, in his capacity as representative of President of the Republic, Abdelmadjid Tebboune.
On this occasion, the two parties discussed Algeria's plan to develop renewable energy exploitation, as well as the opportunities offered to support this plan through recourse to American expertise and advanced technologies in this strategic field.
At the end of the work of the U.S.-Africa Business Forum, organized as part of the second day of the U.S.-Africa Summit, the Prime Minister took part Wednesday evening at a dinner at the White House, hosted by U.S. President Joe Biden, in honor of the Heads of State and Government attending the summit.
Chairing the forum, Biden announced in his speech several trade initiatives and new investments in Africa, and called for a stronger partnership.
He said that an agreement had been concluded to encourage a free trade area with "the mobilization of one billion dollars to improve electronic payments over the next five years in Africa."