ALGERIAN'S FOREIGN POLICY 

Lamamra calls for approach taking into account developing countries' needs

NEW YORK- Minister of Foreign Affairs and National Community Abroad Ramtane Lamamra took part Tuesday, at the United Nations' headquarters, on the sidelines of the works of the high-level segment of the 77th session of the UN General Assembly, in the ministerial meeting of the Group of Friends of Global Development Initiative, at the invitation of his Chinese counterpart Wang Yi.

This initiative, launched by the Chinese President in September 2021 in the context of the Covid-19 pandemic, aims mainly at strengthening the international community's mobilization to speed up the implementation of the UN development agenda.

Algeria is among the first countries to join this group which includes today about sixty member States.

Lamamra affirmed that, within the current context of the international relations marked by the rise in geopolitical tensions and the worsening of the socio-economic repercussions of the Covid-19 pandemic, it is crucial for the UN member States to work collectively on the strengthening of international cooperation to speed up the achievement of the sustainable development goals.

In this respect, he called for the adoption of an action-oriented approach and focusing mainly on the developing countries affected by the food crisis.

Stating the main lines of this new approach and enumerating the pre-requisites of its implementation, Lamamra stressed the necessity of mobilizing the necessary financing for the implementation of the 2030 agenda, whose needs are currently estimated at over USD2.5 billion, recommending the strengthening of the fight against the illicit financial flows, corruption and money laundering.

He also pointed out the contribution of digital technologies to boost trade and investment.

Lamamra concluded his speech by reiterating Algeria's conviction in the necessity of implementing new international architecture for a more efficient cooperation in development, based on the States' sovereign equality and taking into account the developing countries' concerns.