IMF Managing Director Praises Algeria's Investment Reforms at Algiers Conference

IMF Managing Director Kristalina Georgieva visited Algiers on February 5 for the "North Africa: Connecting Continents, Creating Opportunities" conference, co-organized by the IMF and the Bank of Algeria. She met with President Tebboune and described Algeria's economic foundations as "solid," citing progress in investment promotion, digitalization, and non-hydrocarbon exports.

The IMF's public endorsement lends credibility to Algeria's FDI reform effort. Companies evaluating North African entry should note the focus on solar-gas hybrids and green hydrogen, two sectors where Algeria is actively seeking international partners. The 51/49 removal allows foreign firms to hold majority stakes in most ventures for the first time since 2009.