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.

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