AfDB: Algeria subscribes to callable capital (presidential decree 26-341)
According to Radio Algerienne, a presidential decree authorises Algeria to subscribe to 453.119 callable shares of the African Development Bank.
In short
According to Radio Algerienne, presidential decree 26-341 of 18 octobre 2026 authorises Algeria to subscribe to the general increase in the callable capital of the African Development Bank. It covers 453.119 callable shares. Payment will come from public Treasury funds.
Key points
- Presidential decree 26-341 of 18 octobre 2026, according to Radio Algerienne
- Subscription to the general increase in the callable capital of the AfDB
- 453.119 callable shares
- Payment from public Treasury funds
- Terms set by AfDB resolution B/BG/2024/09 of 29 mai 2024
What the decree provides
According to Radio Algerienne, presidential decree 26-341 of 18 octobre 2026 authorises Algeria to subscribe to the general increase in callable capital (AGCA) of the African Development Bank.
The subscription is authorised up to 453.119 callable shares.
How it is paid
The same dispatch says the subscription will be paid from public Treasury funds.
Payment follows the forms set by AfDB resolution B/BG/2024/09 of 29 mai 2024.
Frequently asked questions
How many callable AfDB shares is Algeria authorised to subscribe to?
According to Radio Algerienne, presidential decree 26-341 authorises a subscription of up to 453.119 callable shares.
Which funds will pay Algeria's subscription?
According to Radio Algerienne, payment will come from public Treasury funds, in the forms set by AfDB resolution B/BG/2024/09 of 29 mai 2024.