VOL. XXXI

NO. 7

23-NOVEMBER-1987

Financial and Banking News

AID FLOWS

US Provides $608mn in Credit to Algeria

The US has agreed to extend to Algeria export credit guarantees foragricultural imports totaling $608mn in 1988, according to an agreement signedin Washington earlier this month. The funds, provided by the Commodity CreditCorporation, will finance imports from the US of milk, wood products, cookingoil, cereals and dried vegetables. The Algerian Press Agency (APS) said on 18November that the...