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Islamic development bank to lend Algeria $3 billion for projects over next 3 years
9:23 CAT | 20 May 2025
FILE - A general view of Algiers and its commercial port, Algeria August 24, 2022.[File photo: Reuters/Ramzi Boudina]
The President of the Islamic Development Bank said on Monday that Algeria is expected to receive $3 billion in loans over the next three years to support the implementation of key development projects.
Bank President Muhammad Sulaiman Al Jasser told Algeria’s Ennahar TV the funding will be directed toward projects including railway development, as part of the president’s plan to connect the country’s economic zones.
Source: Reuters
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