VOL. XLIII
No. 10
6-March-2000
ALGERIA
Algerian Foreign Debt Down 7.1% Due To Higher Oil Price
The Algerian Central Bank says that Algerias total external debt dropped in 1999 by 7.1% to $28.315bn from $30.473bn, mainly due to the increase in oil prices. Sources in Algeria said the governments policy of moving short-term and more costly debt to fixed-income instruments with longer maturities is evident in the latest data released by the Central Bank, and short-term debt has fallen from $1.791bn...
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