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
Partnership with ANSER focuses on structuring and mobilizing financing Mechanism relies on phased funding tied to project...
Coris Bank International posted a 36% increase in net profit in 2025. The bank grew its customer base by 11.6% and deposits to CFAF 2,015.3...
Kenya has asked the World Bank for rapid emergency financing to cushion the economic shock from the war in Iran, Governor Kamau Thugge said...
Seven of Nigeria's top 11 listed banks missed the March 31 deadline for 2025 audited accounts, all citing pending Central Bank approval The bottleneck...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
03

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
04

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
05

Gabon's 7% 2031 Eurobond posted its biggest single-day drop in a year on Wednesday after a new I...

Gabon Eurobond Due 2031 Posts Biggest Drop in a Year on IMF Budget Warning
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.