Algeria’s Cabinet meeting on April 5, chaired by President Abdelmadjid Tebboune, focused on accelerating mining sector development and advancing efforts to recover embezzled public funds, according to official statements. Authorities confirmed that over $110 million in recovered assets will be returned to Algeria following cooperation with international partners.
The meeting placed strong emphasis on the mining sector as a key pillar of Algeria’s economic diversification strategy. President Tebboune stressed that the next phase must align with the country’s ambition to build a “strong and diversified economy,” supported by credible data and measurable results. He instructed that a detailed national exploration plan be submitted to the Council of Ministers as soon as possible, outlining priority resources, timelines for exploitation, and clear production targets.
The president also called for a faster implementation pace across all approved mining projects, stating that sustained execution is essential for long-term stability. He directed that exploration efforts rely heavily on modern technology, domestic expertise, and Algerian professionals abroad, alongside partnerships with allied countries, according to official statements.
In parallel, the Cabinet reviewed preparations for the upcoming agricultural harvest season. The president instructed the government to ensure farmers are fully equipped with necessary machinery, noting expectations of high-quality yields due to favorable weather conditions. This push reflects broader efforts to strengthen food security and improve agricultural productivity.
On the issue of recovering misappropriated funds, Foreign Minister Ahmed Attaf reported progress in international legal cooperation. Switzerland has responded positively to Algeria’s requests, accepting 20 out of 33 submitted cases. Four cases have already been finalized, resulting in the recovery of more than $110 million in frozen assets. Spain has also cooperated in this process, according to the report.
However, Algeria has yet to receive responses from France, despite submitting 61 legal assistance requests. President Tebboune expressed appreciation to cooperating countries while noting the lack of engagement from French authorities.
The outcomes of the Cabinet meeting highlight Algeria’s dual focus on strengthening strategic sectors such as mining and reinforcing financial accountability through international asset recovery, as the government moves to support long-term economic resilience.
Sami B. is the founder and editor of Algeria News Gate, an independent English-language platform covering Algeria’s political, economic, and business developments. Based in Europe, he reports on official announcements, economic trends, and international relations involving Algeria.