VOL. XXXIX

No. 32

5-May-1996

ALGERIA

World Bank Loans To Algeria, Morocco And PNA

The World Bank is granting loans totaling $410mn to Algeria, Morocco and the Palestine National Authority (PNA). Algeria will receive two loans totaling $350mn to be used in coping with the social ramifications of that country's economic reform program. The first loan of $300mn will be used to support the structural adjustment program and the second (of $50mn) will help finance a 20,000 job creation...