VOL. XXXI

NO. 48

5-SEPTEMBER-1988

Financial and Banking News

AID FLOWS

World Bank Lends Algeria $160mn

The World Bank has agreed to lend Algeria $160mn to support the implementation of major investments in the country's power transmission network and to restructure the state-owned Sonelgaz's finances in order to make it "a more viable and efficient entity" through institution-building efforts, improving management, planning and engineering capabilities.