VOL. XXXVI

NO. 24

15-MARCH-1993

Financial and Banking News

ECONOMIC POLICY

Abdesselam Puts Fight against Inflation before Devaluation

Algerian Prime Minister Belaid Abdesselam says that defeating inflation ishis government's urgent priority, and that he will not devalue the dinarfurther, as advised by the International Monetary Fund (IMF). In a policy paperpublished on 7 March, Mr. Abdesselam also signaled his intention to freeze wagesand prevent mass redundancies from state-owned companies. Since...