Thu. Jul 18th, 2024

Algerian President Abdelmadjid Tebboune, during a speech at the headquarters of the General Union of Algerian Workers, confirmed that his country will not resort to external debt.

In his remarks, Tebboune referred to the efforts made by the government to overcome the difficult economic conditions that faced the country, considering that they resulted from years of corruption and neglect, and explained that the popular movement contributed to saving the country from the deterioration it was witnessing.

“These practices were aimed at demoralizing Algerians and handing the country over abroad by placing Algeria in the hands of the International Monetary Fund,” the Algerian president added.

Tebboune, who was elected president of Algeria in 2019, is likely to run for a new term in September’s elections.

 

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