Algerian Radio
The Director General of the Algerian Investment Promotion Agency (AAPI), Omar Rekkache, received an International Monetary Fund (IMF) mission on Sunday in Algiers, to whom he presented the reforms undertaken by Algeria to improve the investment climate and enhance the attractiveness of the national economy.
Organized as part of the annual consultations conducted by the IMF with Algerian public authorities, the meeting took place in the presence of the Secretary General of the Bank of Algeria and AAPI executives. It provided an opportunity for Mr. Rekkache to deliver a presentation on the reforms aimed at simplifying administrative procedures and developing the investor support system—notably through the reform of the investment one-stop shop, the digitization of services, and the strengthening of transparency in the management of economic land, an Agency statement indicated.
The Director General also reviewed Algeria's investment track record and the dynamic currently experienced by various sectors. He highlighted the main structural projects currently underway across the country's different wilayas, as part of the State's efforts to diversify the national economy and achieve balanced regional development.
Furthermore, the two parties exchanged views on the economic reforms undertaken by Algeria and the efforts deployed to improve the business climate and strengthen investment attractiveness, the same source specified.
The statement added that AAPI officials answered questions from the IMF mission members regarding the legal and institutional framework governing investment and the guarantees granted to investors.
The IMF mission concluded its visit with a tour of the one-stop shop for major projects and foreign investments, where it received explanations regarding its operation and its role in supporting investors and facilitating the realization of their projects.
