NO. 8


Financial and Banking News

Budgets & Revenues

Algeria Repays $350Mn in Trade Debts with Windfall Oil Profits

Algeria repaid $350mn of its $600mn trade debts at the end of October andwill discharge the remainder by the end of the year, according to the CentralBank Governor, Mr. Abderrahmane Hadj-Nacer. The Governor also expressed hisannoyance that the moves had not led commercial banks to reconsider theirlending policies towards Algeria. The repayments are in...