VOL. XXXVII
NO. 29
18-APRIL-1994
FinancialPolicy
AlgeriaSigns IMF Letter of Intent, Devalues Dinar And Raises Interest Rates
Algeriais expected to receive loans totaling slightly more than $1bn following itsagreement to implement an economic reform package approved by the InternationalMonetary Fund (IMF). The country signed a letter of intent, committing itself tospecific measures and targets, on 9 April. This letter will provide the basisfor the IMF Executive Boards decision on how much it will...
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