In Algeria, the World Bank provides technical assistance and analytical services in various areas, such as social protection, human capital development, disaster risk management, renewable energies and the investment climate.
This update highlights Algeria’s strong economic performance and the need for a comprehensive policy framework to diversify exports for sustainable growth.
Mr. Ahmadou Moustapha Ndiaye will lead the World Bank's engagements with the governments of Algeria, Libya, Malta, Morocco, and Tunisia, development partners, and other stakeholders.
Algeria’s economy grew by 3.9% in the first half of 2024 and inflation eased to 4.3 percent. Lower hydrocarbon exports, higher imports, and rising public spending reduced the current account surplus and increased the ...
The MENA region is expected to grow at 2.2% in 2024, yet the outlook remains subdued amid heightened uncertainty. This edition also includes an update on the economic impacts of the conflict in the Middle East.
Algeria’s economic growth remained dynamic in 2023, with GDP recording a 4.1 percent increase, driven by robust performance in the nonhydrocarbon and hydrocarbon sectors.
According to the report, MENA economies are expected to return to low growth akin to the decade prior to the pandemic. MENA’s gross domestic product (GDP) is forecast to rise to 2.7% in 2024, which is a tepid increase ...
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