Public Management

Algeria will import pharmaceutical products for 100mln

Algeria will import pharmaceutical products for 100mln
Monday, 23 March 2020 16:48

Algeria will spend $100 million to buy pharmaceutical products to have enough stock to face the novel coronavirus pandemic. The announcement was recently made by the President, Abdelmadjid Tebboune (pictured).

This amount will be used to “accelerate the importation of all pharmaceutical products in sufficient quantities, and even more protective equipment and chemical analysis (testing) kits, with the involvement of [Algerian] diplomatic missions in the search for their exporters across the world,” APS reports. The government is expecting another $132 million from the IMF and the World Bank.

With more than 139 recorded cases, Algeria is one of the most affected countries on the continent. Since the beginning of the pandemic, the government has adopted a series of measures to slow the spread of the virus and mitigate its effects. Budget spending will be reduced by 30% (without affecting charges and salaries) while the country's import bill will drop from $41 billion to $31 billion.

Since March 22, 2020, Algeria has officially entered stage 3 of the pandemic, which means that from now on, the virus is actively circulating in the country.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
The Central Bank of Guinea plans a payment system modeled on Kenya’s M-Pesa. The initiative aims to reduce reliance on cash and expand digital...
The African Union launches the 2025–2034 Decade of Education and Skills Development. UNESCO supports regional programs to embed sustainability in...
Standard Bank to open Cairo office on Nov. 12, 2025 Office to boost trade links between Egypt, Gulf, and Africa Bank also seeks full license...
Wafa Assurance acquires 63.4% of Egypt’s Delta Insurance for $67M Deal boosts Wafa’s North Africa presence; plans full integration Egypt...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...

Tunisia to Build First Fully Digital Hospital in National Health Overhaul
04

With COP30 approaching, the International Renewable Energy Agency is calling for a global goal: to q...

With Costs High, IRENA Urges Global Pact to Quadruple Sustainable Fuel Production
05

Annual consumer-price inflation slowed to 11.9 % in October, the weakest reading since April,...

Zambia’s Inflation Retreat Extends to Six Months as Policy Mix Gains Traction
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.