NO. 40


Financial and Banking News

Budgets & Revenues

EC to Make Loan to Algeria

EC leaders agreed at the end of June to extend a loan to Algeria. The decision was announced on 1July, after a two-day summit held in Luxembourg. The size and terms of the loanwill be agreed at the next summit meeting. President Mitterand of France putthe proposal on the meeting's agenda. In recent weeks Algeria has received astandby facility from the IMF and a structural adjustment loan from...