VOL. XXXV

NO. 32

11-MAY-1992

Financial and Banking News

Regional Financing

World Bank to Extend Two New Loans to Algeria

The World Bank is to extend two loans to Algeria worth a total of$400mn-$600mn, according to the Algerian news agency APS. The World Bank'sdirector for the Middle East and Maghreb, Mr. Pieter Bottelier, who led a WorldBank delegation to Algeria at the end of April, said that the two loans would bearranged as quickly as possible. He said one would help to finance housing and...