VOL. XXXII

NO.34

29-MAY-1989

Financial and Banking News

BUDGETS AND REVENUES

Algeria Excludes Rescheduling despite Mounting Service Burden

Algeria's Minister of Finance, Mr. Sid Ahmed Ghozali, last week ruled outdebt rescheduling as an option because "our possibilities permit us not toresort" to it. In an interview with the Algiers daily El Moudjahid on 21-22May, Mr Ghozali said that over the next three years Algeria will meet recordforeign debt repayments which will result in liquidity and balance...