VOL. XXXVI
NO. 39
28-JUNE-1993
Financial and Banking News
BUDGETS AND REVENUES
Algeria's Medium Term Forecast Predicts Two More Years Of Hardship BeforeEconomic Conditions Ease
Algeria's medium term economic forecast, covering the five years 1993-97,projects two years of austerity followed by a significant easing of economicconditions in 1995-97. The basic economic strategy can be summed up as follows:strictly curtail new external borrowing to allow a fall in the debt servicingburden, restrict...
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