VOL. XXXII

NO. 21

27-FEBRUARY-1989

Financial and Banking News

AID FLOWS

BRD and Japan Fund Algerian Agricultural Credits

The World Bank and the Export Import Bank of Japan have agreed to lendAlgeria $110mn each towards an agricultural credit program aimed at increasinglocal food production and reducing dependence on imports. An IBRD statement lastweek said that Algeria currently imports 70% of its food, and although"recent economic reforms have improved farmers' incentives to increase food...