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A plan for reducing Algeria's external debts
Algeria, Economics, 12/29/1999
The new Algerian government started making a plan to reduce the country's external debts to $24 billion US by the beginning the year 2002 instead of Algeria's current debts of $28.2 billion US.
A statement issued by the Algerian Ministry of Finance said the foreign currency reserves will reach $10 billion in 2002 and the shortage in the payment balance will be gradually reduced till achieving a surplus at the end of 2001.
The statement also said the value of foreign investment in Algeria reached $500 million, most of which is in the petroleum sector.
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Morocco sends relief to quake victims in Algeria
(12/28/1999)
Algerian budget ratified
(12/22/1999)
Mubarak invites Bouteflika to attend COMESA summit
(12/17/1999)
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