VOL. XXXIX
No. 29
15-April-1996
ALGERIA
Algeria's Foreign Debt Estimated At $32Bn At End-1995
The Algerian Finance Minister, Mr. Ahmad Benbitour, has told the local press that Algeria's foreign debt stood at $32bn at the end of 1995 and that "the level of the debt will still be below $40bn until 2004, and the debt servicing ratio will reach 33% of our resources of hard currency in 1996, or less than $4bn." The minister said that the debt servicing ratio was 41% of hard currency earnings...
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