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US Export-Import Bank lends Algeria
Algeria-USA, Economics, 1/20/2000
Algerian officials said yesterday that the chairman of the US Export- Import Bank, James Harmon, informed President Abdelaziz Bouteflika of Algeria that the Bank will present long-term loans to Algeria whose value have not yet determined.
The officials said that Harmon wrote a letter to Bouteflika, in which he said the bank's board of directors agreed yesterday to expanding its programs in Algeria and grant Algeria long-term loans with no ultimate limit.
Direct US investments in Algeria reached $3.5 billion and focus on the gas and petroleum industries.
Previous Stories:
US voices backing for Algeria
(12/28/1999)
US Sixth Fleet leader confirms support for civil reconciliation process
(9/30/1999)
U.S donation for Algerian electric company
(7/2/1999)
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