VOL. XXXII

NO. 15

16-JANUARY-1989

Financial and Banking News

LOANS AND ISSUES

France, Japan and World Bank Lend to Algeria

France is to provide Algeria with a total of FF7bn ($1.13bn) under the termsof a protocol which was initialed on 8 January. The protocol, which is relatedto the negotiations between France and Algeria over gas sales (see story in Asection) comprises FF4bn in soft loans and FF3bn as a line of credit. The softloans are to be made available to Algeria in two tranches of FF2bn each...