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2026-11-09T21:15:00.000Z

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Algeria seeks IMF funds

Algeria seeks IMF funds

Algeria is in advanced negotiations with the World Bank Group, including the International Finance Corporation, to establish a financing mechanism for startups. The article did not say that the International Monetary Fund had approved a $10 million loan. The authorities are seeking to mobilize funding exceeding that amount for some companies, but the fund’s size and terms—and whether the support will come through loans or equity investments—have yet to be finalized. The initiative targets companies in sectors such as energy, healthcare, artificial intelligence, and agriculture, and is expected to be announced at the African Startup Conference in Algeria, scheduled for December 5–7.

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