NO. 28


Financial and Banking News

Budgets & Revenues

Algeria Studies IMF Letter Of Intent, Expects New Loans To Follow

Algeria's Minister of the Economy, Mr. Mourad Benachenhou, stated ininterviews with the Algerian daily El Watan on 6 and 7 April that his governmentwas preparing to sign a letter of intent with the International Monetary Fund(IMF) which would open the way for the Fund to extend an $800mn loan to Algeria."It is clear that a decision on an accord that...