VOL. XLIII

No. 47

20-November-2000

ALGERIA

EIB Approves 95Mn For Algerian Transport Network

The European Investment Bank (EIB) announced on 15 November that it had approved a94.65mn ($82mn) loan for Algerias highway system. The credit will be disbursed through the Algerian Development Bank and will bring aggregate EIB lending to the country for its highway network to246mn ($212mn) over the past 10 years. The EIB explained in a statement that this latest credit will support work financed by...