VOL. XLIII

No. 25

19-June-2000

ALGERIA

IFC Invests In Algerias Pharmaceutical And Banking Sectors

The International Finance Corporation (IFC) has concluded two transactions to support banking and manufacturing in Algeria, both aimed at encouraging further investments that will contribute to rebuilding the Algerian economy, according to an IFC press release on 13 June. As part of its strategy to reinforce the financial sector as a motor for development, the IFC will acquire a 20% stake in Algiers...