Johannesburg: Algeria has made significant strides in implementing Sustainable Development Goals (SDGs), highlighted by President Tebboune’s remarks delivered by Prime Minister Sifi Ghrieb at the G20 Summit in Johannesburg. The summit, held under the theme “Solidarity, Equality and Sustainable Development,” provided a platform for Algeria to showcase its commitment to supporting the African Sahel through regional and international coordination facilitated by the Algerian International Cooperation Agency for Solidarity and Development. The country has allocated a substantial budget to development projects in the region.
According to Algeria Press Service, President Tebboune emphasized Algeria’s support for South Africa’s call for urgent action to alleviate the debt burden on developing and least-developed countries. He advocated for an approach that includes partial debt cancellation or conversion into direct investments. To address this issue, Algeria has initiated the cancellation of debts owed by 18 African countries, easing their financial burdens. President Tebboune highlighted the technical challenges of risk assessment by international financial institutions, which make debt servicing costly for many economies. He called for comprehensive reforms to provide lasting relief to countries burdened by sovereign debt.
President Tebboune also joined the call for reform of international financial institutions, advocating for a governance framework that ensures fair representation of developing countries and Africa, reflecting their growing demographic and economic influence. This demand, reiterated at global forums, requires bold action to become a reality.
In the realm of renewable energy, President Tebboune reiterated Algeria’s advocacy for mobilizing international funding to aid developing countries in transitioning to green energy. He encouraged partnerships between G20 members and partner countries to achieve significant progress in energy transition.
President Tebboune further expressed Algeria’s support for initiatives aimed at increasing funding for major risk prevention and disaster response. He called for the creation of a dedicated financing mechanism by international financial institutions to provide swift assistance in the event of natural disasters.
Lastly, President Tebboune welcomed the African Union’s admission to the G20, expressing optimism that this step will amplify Africa’s voice in international forums and help the world’s leading economies understand Africa’s perspectives on crucial issues like development financing and technology transfer.