NO. 12


Financial and Banking News

Aid Flows

EIB Loans For Algeria And Egypt

The European Investment Bank (EIB) announced on 14 December that it will lendAlgeria ECU80mn ($99mn) for the construction of the Lakhdaria-Bouira section ofthe trans-Algerian highway. The loan is being made available to Algeria underthe Fourth EC-Algeria Financial Protocol (1993-1996), with the Banque Algeriennede Developpement representing the Algerian Government. The Fourth Protocolprovides...