Algeria's Foreign Debt Estimated At Over $31Bn
According to the Central Bank of Algeria, the country's foreign debt was estimated at over $31bn at the end of 1995, compared to $29.5bn the previous year. In a press release issued on 26 May, medium and long-term debt is estimated at $31.317bn, while short-term debt (i.e. due within less than a year) is put at $256mn. Algeria has had two debt reschedulings, in June 1994 and July 1995. The Central Bank...