Algeria cancels debts of 16 African and Arab countries worth $1.4...

Algeria cancels debts of 16 African and Arab countries worth $1.4...
Algeria cancels debts of 16 African and Arab countries worth $1.4...

On Tuesday, a news report said that Algeria canceled the debts of 16 African and Arab countries worth 1.4 billion dollars between 2010 and 2014.

And the official Algerian news agency revealed that these debts belong to 14 African countries, with a value of 902 million dollars, and two Arab countries, with a value of 504 million dollars.

She pointed out that there are other countries that have debts owed by Algeria, which it did not cancel, but rather worked on rescheduling them within the framework of bilateral agreements.

She explained that Algeria, which decided to cancel debts owed by a number of African and Arab countries and has never resorted to such initiatives as a means of political pressure, and that it has always called regularly in the framework of its foreign policy and international cooperation for a world of solidarity.

Follow the economic statement via Google News
Follow the economic statement via Google News

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