NO. 27


Financial and Banking News

Regional Financing

Japanese Eximbank Extends $300mn Loan to Algeria

The Japanese Export Import Bank is to start releasing funds from a $300mnloan to Algeria, as part of a co-financing deal with the World Bank, which lastyear agreed to extend $350mn. The disbursement of the funds has been made possible by the agreement of commercial banks to extend a $1.5bn loan with whichAlgeria will refinance its short-term debts (MEES, 2 March). A first...