VOL. XLV
No 10
11-March-2002
ALGERIA
SpainConverts $40Mn Of Algerian Debt To Investments
In a deal signed bythe two countries on 2 March, Spainhas converted $40mn of the $1.1bn Algeriaowes it into private investments. The deal also leaves room for the debtconversion to go as high as $110mn. Other countries have responded to callsfrom Algerian President 'Abd al-'AzizBouteflika to convert some of the countrys debt intoinvestment, including Franceand Russia.Algeriaalso signed an agreement on 5 March...
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