Statement by H.E. Mr. Djouama Toufik, the Ambassador Extraordinary and Plenipotentiary of the People’s Democratic Republic of Algeria to the Russian Federation and the Temporary Alternate Governor for Algeria to NDB at the Opening Ceremony of the 11th Board of Governors Annual Meeting

Excellency Madame the President of the New Development Bank,
Excellency Chairman,

It is a great honor for me to take part in this gathering on the occasion of the 11th Annual Meeting of the New Development Bank.

First of all, allow me, on behalf of the People’s Democratic Republic of Algeria and on behalf of the Minister of Finance, to express our sincere thanks and appreciation to the Government of the Russian Federation for the hospitality and the excellent organization of this Annual Meeting.

Allow me also to express our appreciation to the leadership and staff of the NDB for the excellent preparation of this meeting and their continued efforts in promoting and developing our bank.

Today, the world is experiencing profound technological transformation that is reshaping economies, public services and financial systems. Digital innovation and artificial intelligence, are becoming essential tools for growth, competitiveness and development.

In this context, the theme of this year’s Meetings is both important and relevant, especially as the NDB is preparing its new strategy for 2027-2031. The importance given to digital transformation and the integration of artificial intelligence among the Bank’s strategic priorities, reflect the commitment of its members to supporting modern, efficient and sustainable development.
We are confident that these priorities will contribute meaningfully to the
modernization of the economies of member countries, the promotion of new development models, reducing the digital gap, strengthening our digital sovereignty.

At a time when technological progress is accelerating rapidly and reshaping our world, it is imperative to ensure equitable digital access for all countries. Innovation and artificial intelligence should serve as instruments for sustainable development, economic resilience, and shared prosperity.