Algeria to contribute $5B to IMF


ALGIERS, Algeria (AP) — Algeria’s Finance Ministry and central bank have announced the country is contributing $5 billion to the International Monetary Fund.

In April, Algeria said the IMF had asked for Algeria’s participation in the international lending institution.

Flush with oil and natural gas, Algeria has foreign reserves of more than $186 billion (actually 193 billion), according to its central bank.

Advertisements
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: