66 Days
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AL24 News
IMF Praises Algeria for Progress in Economic Diversification and Anti-Money Laundering Efforts
The International Monetary Fund praised Algeria for its progress in diversifying its economy and combating money laundering, noting that short-term economic prospects remain positive. It also mentioned that Algeria has been placed on the gray list for anti-money laundering measures and is taking steps to diversify sources of funding, including issuing Islamic sukuk and obtaining financing from a regional development bank. The Fund forecasts that the gross domestic product will grow by 3.8 percent in 2026, with a decrease in the external deficit due to rising hydrocarbon prices.
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