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
New Kinshasa-based court granted exclusive jurisdiction and dedicated prosecutor Tribunal expected to begin operations within three...
The International Finance Corporation is providing a $30 million trade finance guarantee to Banco de Fomento Angola. The facility will support...
IMF approves reviews, unlocking about $91 million for Niger Funds support macroeconomic stability, private-sector growth and climate...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA training and partnerships aim to boost regional business...
Most Read
01

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
02

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
03

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
04

Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...

Report details land compensation for nearly 5,000 households in Uganda’s Tilenga oil project
05

World Bank announces $137 million to boost West Africa digital economy Program expands broad...

Benin, Liberia and Sierra Leone Receive $137M to Expand Digital Access for 5.2 Million People
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.