VOL. XXXIV

NO. 2

15-OCTOBER-1990

Financial and Banking News

Budgets & Revenues

Algeria to Use Revenue Windfall to Bolster Reform Program

Algeria will receive an extra $700mn in revenues this year as a result ofincreased oil prices, according to Mr Ghazi Hidouci, the country's Minister ofEconomy. The figure assumes an average oil price for the year of $26/B. Mr.Hidouci was speaking at a press conference in Algiers on 3 October. A few daysearlier a government report estimated the extra revenues...