NO. 16


Financial and Banking News

Budgets & Revenues

Foreign Banks Cut Algerian Exposure in H1 1989

Banks in countries within the reporting system of the Bank for InternationalSettlements (BIS) reduced their exposure to Algeria by $1.35bn - the equivalentof nearly 10% - during the first half of last year, according to figuresrecently published by the BIS. Most of the fall was attributable to areduction in longer term loans, as debt of less than one-year maturity was...