The Algeria Market Authority (COSOB) explored potential operational cooperation with the World Bank Group to support financial market reforms and expand financing for businesses. At a Nov. 4 meeting, COSOB Chairman Youcef Bouzenada met Ousmane Dione, World Bank Group vice president for the Middle East, North Africa, Afghanistan and Pakistan. The discussions revisited cooperation on market modernization and alternative financing examined at an April meeting between the institutions. Bouzenada reviewed reforms undertaken since 2023 to modernize the market’s regulatory and operational framework and broaden participation. He also outlined financing mechanisms for small and midsize enterprises and startups, including venture capital and private equity funds and crowdfunding. Dione expressed the World Bank Group’s readiness to provide technical assistance and specialist support, including sharing international expertise and helping implement reforms to develop the market and improve its efficiency.
Algeria Market Authority explores operational cooperation with World Bank Group on financial market reforms
The Algeria Market Authority (COSOB) and the World Bank Group explored operational cooperation to support financial market reforms and expand business financing. COSOB reviewed reforms since 2023 and financing mechanisms for small and midsize enterprises and startups. World Bank Group Vice President Ousmane Dione expressed readiness to provide technical assistance and specialist support for reform implementation.