Financial and Banking News


France Extends $580mn in Loans to Algeria

France has agreed to lend Algeria FF3.5bn ($580mn) to finance trade and projects, according to two agreements signed by the French and Algerian Finance Ministers in Paris on 23 April. The first agreement, aimed at promoting trade, provides for credits up of to FF3bn to be provided by French banks and guaranteed by France's export credit agency, Coface. The second agreement entails FF500mn in credits over...