NO. 30


Financial and Banking News

Regional Financing

Algeria Stops Repaying Principal On Most Medium Term Facilities

Algeria has stopped the payment of principal on most export credit andcommercial facilities pending a rescheduling of its debts by the Paris andLondon Clubs. The country's economic officials indicated on 15 April that theywould be applying to the Paris Club of official creditors for a rescheduling. Noofficial notification had been sent to commercial banks by...