VOL. XLIII
No. 29
17-July-2000
ALGERIA
EIB Lends Algeria 45Mn For Motorway Network Bringing Total Road Loans To151Mn
The European Investment Bank (EIB) announced on 4 July that it had approved a grant of45mn ($42.16mn) to Algeria, to be disbursed through the Algerian Development Bank, to improve the countrys motorways. According to an EIB press statement, the loan brings the aggregate EIB lending for Algerias motorway network to151mn ($141.46mn) since 1990. The new loan will help finance the...
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