AGP Executive Report
Last update: 2 hours agoFATF Compliance: Algeria was removed from the FATF “grey list” after progress on risk-based supervision, beneficial ownership rules and targeted financial sanctions, a move expected to ease scrutiny and support investor confidence. Trade & Food Security: Algeria agreed to open its market to U.S. sheep imports for slaughter under a bilateral deal, aiming to stabilize red-meat supply amid drought-hit domestic production and rising costs, with tax exemptions during the Eid al-Adha period and a 5% tariff afterward. World Cup & Governance: Algeria lodged a complaint with FIFA over refereeing in its 3-0 loss to Argentina, citing two contentious incidents involving Lionel Messi and captain Aissa Mandi. Regional Finance & SMEs: A report by LEAF Africa warns that Africa’s debt burden is choking capital flows to entrepreneurs, pushing SME lending rates above 35% and slowing venture funding. Diplomacy & Development Finance: The IsDB Group annual meetings in Baku wrapped up with the Board of Governors chairmanship handed from Azerbaijan to Burkina Faso, signaling continued focus on inclusive growth and sustainable financing.
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