Financial and Banking News
Algeria to Receive FF6bn in Loans from France this Year
French Finance Minister Michel Sapin says France has offered Algeria FF6bn($1,100mn), all of which can be drawn during the current year. He added thatFF5bn, the amount France lent Algeria last year, would be in commercial credits,with the remainder at concessional rates of interest. In recent years about 70%of Algeria's export earnings have been used for debt...