VOL. XLVI

No 36

08-September-2003

ALGERIA

Ex-Im Bank Denies Camisea Project Loan, But IDB Loan Expected; Sonatrach Seeks Larger Stake

The US Export-Import Bank (Ex-Im Bank) on 28 August turned down a request for a loan of $213mn for Perus Camisea gas project on the grounds that it failed to meet the banks guidelines on environmental, social, economic and cultural conditions. The banks decision was supported by several members of the US Congress as well as international and domestic environmental...