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...