VOL. XXXVIII

NO. 23

6 MARCH 1995

Financial and Banking News

Public Finance

Algeria Expected To Sign $1.5Bn IMF Agreement In May

Algeria has almost completed negotiations with the International MonetaryFund (IMF) staff on a three-year extended fund facility (EFF). The agreementwith the IMF staff will be considered by management with a view to it being approved by the Executive Board in May. The facility isexpected to be worthabout $1.5bn. Algeria is currently operating under a one-year standby...