IMF: Algeria making tangible progress in economic diversification

IMF experts have highlighted that Algeria is making significant strides in diversifying its economy beyond oil and gas reliance. Recent evaluations indicate that the national strategy, focused on large-scale investments in mining, food security, and infrastructure modernization, is successfully boosting non-hydrocarbon exports. To sustain this momentum, the IMF recommends strengthening the private sector and improving the governance of public investments. Furthermore, recent reforms in real estate, mining, and the implementation of a unified digital platform are seen as essential steps to create a competitive business climate. These efforts are expected to enhance productivity, create jobs, and build a more resilient economy in the face of global demand shifts.