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...