No. 26



France Plans To Convert $58.4Mn Of Algerias Debt Into Investment

France will convert FF400mn ($58.4mn) of Algerias debt into investment once an agreement has been reached with the Paris Club of sovereign creditors, the French Finance Ministry announced on 16 June. According to AFP, the ministry believes an agreement with the Paris Club, which is needed for France to go ahead with the debt conversion, could come by the end of the month. Algerias foreign debt...