NO. 33


Financial and Banking News

Public Finance

London Club Creditors Agree To Reschedule $3.2Bn Of Algerian Debt

Commercial banks under the auspices of the London Club have agreed inprinciple to reschedule $3.2bn of Algerian debt owed to them until 1997 overvarying periods up to 2010, according to a statement issued last week on behalfof Algeria and the Steering Committee, which comprises two Japanese banks, twoArab banks, a French bank and a US bank, as well as a...