Agency (Ecofin) - The Algerian government confirms that it - TopicsExpress

Agency (Ecofin) - The Algerian government confirms that it canceled the debts of $ 902 million it had 14 member countries of the African Union. "This concrete gesture support is part of African solidarity and illustrates the political will of the Algerian government to fully assume its commitment to economic and social development of the continent" announced yesterday Amar Belani, door-spokesman of the Ministry of Foreign Affairs of Algeria (PIB 2011: $ 188.6 billion, population: 36 million). The countries are Benin, Burkina Faso, Congo, Ethiopia, Guinea, Guinea Bissau, Mauritania, Mali, Mozambique, Niger, Sao Tome and Principe, Senegal, Seychelles and Tanzania. Last year several Algerian newspapers reported that President Bouteflika had quietly decided to cancel a total debt of $ 3 billion over 10 African countries. This new financial activism of Algeria vis-à-vis the outside is also reflects the past by a loan of $ 5 billion to the International Monetary Fund (IMF) year.

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