VOL. XXXVIII
NO. 35
29-MAY-1995
Financial and Banking News
Public Finance
IMF Approves $1.8Bn Loan To Algeria
The International Monetary Fund (IMF) announced on 22 May that it hasapproved a three-year extended fund facility (EFF) worth $1.8bn for Algeria. Thenew loan follows the recent rescheduling of $3.2bn of Algerian debt with theLondon Club of commercial bank creditors and paves the way for a new agreementthis summer on debt rescheduling between Algiers and the Paris Club ofgovernment...
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