France extends credit to aid post-earthquake reconstruction
France on 31 May announced the extension of concessionary loans worth Eur 30 million-50 million ($35.3 million-58.8 million) to assist Algiers in dealing with the aftermath of the devastating 21May earthquake, which killed more than 2,000 people (MEED 30:5:03). French Prime Minister Jean-Pierre Raffarin announced provision of the 2.5 per cent, 20-year credit line after a meeting with Algerian Finance Minister Abdelatif Benachenhou. ...
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