NO. 31


Financial and Banking News

Regional Banking

Italian Government to Give 100% Cover on $7.2bn Financing for Algeria

The Italian Government is to give 100% cover for $7.2bn in new credits toAlgeria. The first tranche of the financing will be a $2.7bn balance of paymentsloan. The remainder will be extended in commercial loans. Details of thefinancing, such as the length of the loans and the pricing, have yet to bedecided. The decision to offer 100% government cover on the...