Algerian Prime Minister Details Foreign Debt Obligations To 2001
Algeria repaid $4.88bn of its total debt in 1995, $4.0bn in 1996 and $4.6bn in 1997, according to the Prime Minister, Mr. Ahmed Ouyahia, in an address to parliament on economic issues on 1 April. Mr. Ouyahia stressed that Algeria "did not reschedule the repayments of debt" but the debt itself. He went on to say "we have never stopped paying back our debts." Algeria...