NO. 52


Financial and Banking News

Regional Financing

Algerian Debt Refinancing Still on Course

Negotiations between banks and the Algerian authorities over the proposedcommercial debt restructuring are proceeding well, and discussions are nowfocusing on the details of the deal rather than its fundamental points. Anannouncement is expected in early October. Media reports claiming that the dealis in jeopardy due to Japanese reluctance to extend new money to Algeria are...