VOL. XXXIX
No. 5
30-October-1995
ALGERIA
Algerian Foreign Debt Estimated At $29.4Bn
The Algerian Finance Minister, Mr. Ahmad Benbitour, has said that Algeria's foreign debt stood at $29.4bn at the end of 1994. The minister noted that fluctuations in the value of the dollar have cost Algeria an extra $650mn to service the debt and pay for food imports in 1995. Mr. Benbitour added that gross domestic product (GDP) would grow by 4 to 5% in 1995, a downward revision from an earlier forecast...
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