Algeria

Since Algeria became a member of IFC in 1990, the Corporation has committed over $128 million of its own funds in the country. Algeria is IFC's fifth largest country exposure. In fiscal year 2007, IFC's commitments in the country reached $11 million. In fiscal year 2006, IFC increased its investments by $34 million, in addition to a Maghreb fund for $12 million from none in the previous fiscal year. Given the country’s potential and turnaround situation, IFC has stepped up its business development efforts in addition to consolidating its advisory services activities mainly in support of the small and medium enterprise sector, helping the country in key development areas as it accelerates economic reforms.

IFC’s strategy in Algeria focuses on:

• Supporting improvements in the investment climate
• Helping in the privatization process
• Developing the financial sector, including SMEs
• Encouraging private participation in infrastructure
• Helping strengthen the local private sector

Investments		Advisory Services
In fiscal year 2007, IFC's commitments in the country reached $11 million. Learn more...		IFC PEP-MENA is engaged in advisory services projects in several areas. Learn more...
Doing Business with Algeria		The World Bank Group & Algeria
Our Doing Business indicators can inform you about starting a business in the country. Learn more...		Learn more about the World Bank Group's assistance to the country. Overview... Country Assistance Strategy... Data & Statistics...
IFC’s Key Contributions to Private Sector Development in Algeria:
IFC was successful in establishing and/or financing: The first leasing company, Arab Leasing Corporation, which was incorporated in 2003 and is providing much needed financing to SMEs Helped the financing of the first Private Cement Plant belonging to the Algeria Cement Company, which currently has the highest production capacity and helps reduce the shortage of cement in the local market Assisted in the establishment of the first private banks in Algeria with equity in Société Générale Algérie (divested) and Arab Banking Corporation Algeria, which was incorporated in 1997 and is providing financing to corporate as well as SMEs The first large privatized companies: Mittal Steel Annaba and Fertial, a large public company producing fertilizers, with equity investment of $24 million. Fertial was privatized in 2005 via a capital increase, which was fully subscribed by “Gruppo Villar Mir.” This constituted the largest privatization to date in Algeria The second Leasing company MLA , which was incorporated in January 2006 and is providing tailored financing to SMEs

Press Releases
Learn more from our press releases...