Algerian President Abdelmadjid Tebboune has emphasized the country's commitment to protecting its citizens' purchasing power and diversifying its economy. During a recent interview with national media, President Tebboune highlighted the government's efforts to address rising prices and promote economic growth. He stressed that the state will not tolerate manipulation of prices and will take measures to ensure the stability of the market.
President Tebboune also addressed the issue of rising prices, stating that farmers are not responsible for the increases. He warned that the authorities will be vigilant in monitoring prices and take action against those who engage in price manipulation. The government's approach aims to protect citizens from the effects of rising prices while ensuring that producers and farmers are not unfairly burdened.
The President also discussed the country's foreign exchange reserves, dismissing predictions that they would decline to $29 billion by 2031. He expressed confidence that the reserves will remain at a high level, driven by the government's efforts to diversify its revenue streams beyond hydrocarbons. President Tebboune emphasized that Algeria's goal is to build an economy that can provide its own resources and face various challenges.
President Tebboune highlighted Algeria's progress in digitalization, stating that the country has reached an advanced level in this field. He announced that several local officials have been arrested for corruption and emphasized that the government is committed to modernizing the administration and promoting transparency. The President's comments reflect the government's efforts to promote a culture of accountability and good governance.
The President also addressed the issue of compensation for damages caused by recent wildfires, announcing that 1,200 billion centimes have been allocated for this purpose. He stated that the government is prepared to increase the compensation amount if necessary, demonstrating its commitment to supporting affected citizens.
On the diplomatic front, President Tebboune reaffirmed Algeria's commitment to maintaining balanced relations with various international powers. He emphasized that the country will not sacrifice its friendships with one country for the sake of another, highlighting its sovereignty and independence in decision-making. The President's comments reflect Algeria's efforts to promote a foreign policy that is guided by its national interests and principles.
Finally, President Tebboune touched on the issue of Algeria's relations with neighboring countries, including Niger. He revealed that Algeria had sent fighter jets to Niger in response to a attempted coup, demonstrating its commitment to regional stability and security. The President's comments reflect Algeria's role as a key player in regional affairs and its willingness to take decisive action to protect its interests.
Key points
- Algeria's President Abdelmadjid Tebboune emphasizes the country's commitment to protecting its citizens' purchasing power and diversifying its economy.
- The President highlights Algeria's progress in digitalization and its efforts to promote transparency and accountability.
- Algeria's foreign exchange reserves are expected to remain at a high level, driven by the government's efforts to diversify its revenue streams beyond hydrocarbons.
