EBRD welcomes Algeria as its latest shareholder

October 26, 2021
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Algeria has become the 73rd shareholder of the European Bank for Reconstruction and Development (EBRD) by completing the membership process.

Algeria has expressed its wish to become a country in which the Bank engages with investment and support for policy reforms. Preparations for this step can now begin.

EBRD President Odile Renaud-Basso said: “We are happy to welcome Algeria as our latest shareholder and look forward to working together and discussing the next steps of our joint cooperation, notably for Algeria to become a recipient of the Bank’s operations.”

We also look forward to the country becoming a recipient of the Bank’s operations – a step that will enable us to apply our know-how and experience to help develop the private sector, promote sustainable energy supplies and enhance the quality and efficiency of the country’s infrastructure.”

For more information

Press release

Countries covered:

  • Algeria