EBRD approves application by Algeria to become a member
Algiers, Algeria (PortSEurope) July 14, 2020 – The European Bank for Reconstruction and Development (EBRD) has approved an application by Algeria to become a member following a request for membership in March with a view to becoming a recipient of EBRD finance and advisory services. The bank has agreed to the first stage of the process with Algeria having to meet some pre-membership requirements before
membership is concluded. Algeria will hope that EBRD financing can help develop its economy, particularly in the private sector, create jobs and support sustainable development. Algeria is located in the EBRD’s southern and eastern Mediterranean (SEMED) region, where the Bank already invests and provides support for policy reform in Egypt, Jordan, Lebanon, Morocco, Tunisia and in the West Bank and Gaza. Copyright (C) PortSEurope. All Rights Reserved. 2020.
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