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Economy

Islamic development bank to lend Algeria $3 billion for projects over next 3 years

Date: May 20, 2025

The President of the Islamic Development Bank said on Monday that Algeria is expected to receive $3 billion in loans over the next three years to support the implementation of key development projects.

Bank President Muhammad Sulaiman Al Jasser told Algeria’s Ennahar television the funding will be directed toward projects including railway development, as part of the president’s plan to connect the country’s economic zones.

--Reuters--