VOL. XXXIX

No. 43

22-July-1996

ALGERIA

Algeria Completes Rescheduling With London Club

Algeria has completed the negotiation of debt rescheduling with its London Club creditors. Following the rescheduling agreement in respect of $2.1bn of debt with the London Club earlier this month (MEES, 1 July), the official Algerian news agency announced on 17 July that Algeria had renegotiated with 200 commercial banks the terms of a further $1bn in respect of "leasing companies." According to the...