VOL. XLV
No 45
11-November-2002
ALGERIA
OPIC To Finance Non-Hydrocarbon Projects Worth $250Mn In Algeria
The Overseas Private Investment Corporation (OPIC), a US government agency, has agreed to finance non-hydrocarbon projects worth $250mn in Algeria through long-term loans in two installments of $125mn. According to Union Bank, a private financing group which is supervising the program, the financing constitutes the first significant commitment of US capital to the countrys non-hydrocarbon...
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