“Accumulating debt harms national sovereignty,” said Tebboune, in a meeting with Algerian media broadcast late Friday.
Even before this year’s crisis took hold, Algeria’s foreign exchange reserves had fallen to $62 billion at the end of 2019, from $180 billion in 2014. Algeria fell into heavy debt with the IMF during the 1990s, an episode Tebboune referenced in his address.
Best decision so far Algeria and God will surely see you through it all.
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