VOL. XXXII

NO. 30

1-MAY-1989

FINANCIAL AND BANKING NEWS

LOANS AND ISSUES

Algeria Borrows again from World Bank, Will Get IMF Standby

Algeria, which has been a prodigious borrower from the World Bank in recentmonths, is to borrow a further $300mn to finance its economic reform program.Five World Bank loans to Algeria have recently been signed for a total of$379mn. They include $110mn as the World Bank's half of a co-financing with theJapanese Exim Bank designed to help small farmers, $58mn for a...