Algeria’s exit from the Financial Action Task Force (FATF) gray list marks an important milestone for the country and serves as an encouraging signal for the national economy, stated Kamel Moula, president of the Council for Algerian Economic Renewal (CREA). The FATF’s ruling, he continued, will actively contribute to enhancing Algeria’s international appeal, streamlining trade exchanges, and fostering a more favorable climate for investments.
As an employers’ organization representing both public and private Algerian enterprises, CREA views this progress as an added layer of confidence for domestic business operators and international partners alike, its president noted.
This breakthrough validates the extensive measures taken to heighten financial transparency, upgrade corporate governance, and align the domestic financial framework with international benchmarks, the CREA chief added in a statement to the official state news agency.
Mr. Moula maintained that this step encourages all economic stakeholders to sustain their efforts in supporting the ongoing economic transformation and consolidating sustainable growth rooted in trust, competitiveness, and value creation.
CREA reaffirms its dedication to working alongside public authorities and all domestic economic forces to build a stronger, more open economy that is better integrated into the global market, its president concluded.