VOL. XXXV

NO. 44

3-AUGUST-1992

Financial and Banking News

Budgets & Revenues

Algeria Receives EC Assistance for House Building Program

The European Community (EC) is to lend Algeria ECU80mn ($100mn) to finance agovernment house building program. Algeria is also negotiating with the WorldBank for a $250mn loan, most of which will be used to buy building materials. Atthe beginning of the year the government embarked on a five-year program whichwill involve the building of 60,000-90,000 houses...