NO. 16


Financial and Banking News

Regional Financing

Cancellation of Second Round of Voting Gives Little Comfort toBankers

Bankers who watched with trepidation the success of the Front Islamique duSalut (FIS) in the first round of the Algerian elections can draw little comfortfrom the cancellation of the second round which has prevented the FIS fromforming a government. The danger of a FIS government, from a banker's point ofview, was that its appointees might not...