NO. 31


Financial and Banking News

Public Finance

Algeria Signs $500Mn Rescheduling Agreement With Saudi Arabia

The Central Bank of Algeria on 17 April signed an agreement with the SaudiArabian Monetary Agency (SAMA) to reschedule $500mn worth of debt owed to SAMA.The agreement was signed by the SAMA Governor, Mr. Hamad al-Sayyari, and theDeputy-Governor of the Central Bank of Algeria, Mr. 'Abd al-Qadir Bilgharbi.Last June Algeria signed bilateral accords with 17 governments...