VOL. XLI

No. 29

20-July-1998

ALGERIA

ADB And World Bank Loans To Algeria

Local press reports on 11 July said that the African Development Bank (ADB) has lent$144.5mn to Algeria's state owned gas utility, Sonelgas, but did not disclose details ofthe loan. The facility will finance the supply of gas in 123 different urban areas.Sonelgas is also currently considering issuing debenture bonds to raise finance. The ADBloan follows a four-year facility worth $250mn which was granted to Algeria on 9...