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is expected to lead to a signature today on the agreement between all parties. The agreement would contain the stipulation of the Algerian demand for the anticipation of a periodic payment of part of its rescheduled debts in order to reach 8 billions dollars from its15, 6 billion dollars that represent the current exterior Algerian debts. The Algerian delegation has started, yesterday, in the French capital Paris, negotiations with several parties to reach a total agreement on mechanisms of anticipated payment of the rescheduled exterior debts, which are in its majority intermediate and long terms debts with interest rates ranging from 8%to 11%. After the signature of this agreement that is expected today, Algeria will start bilateral negotiations with the concerned countries like Germany, Japan, Italy, France, Spain and the United States. These bilateral negotiations are to be focused on mechanisms of payment and the calendar that will allow Algeria to, annually, economise substantial sums. In the same context, Algeria will negotiate during the second term of the current year with Paris Club, too, to address the commercial debts that worth more than 1 billion dollars, and thus Algeria would, after the payment of these debts, have brought down its exterior debts to 6 billions dollars. On the other hand, and according to a statement issued by the ministry, the minister of Finance, Mr. Mourad Medelci will meet his French counterpart. The two responsibles will discuss several files, amongst them the matter of debts transfer, knowing that France has backed up within the Paris Club the Algerian request to raise the percentage of debt transfer from 10% to 30% S. Hafid | ||||||||||||||||||
Algéria : An expected agreement between all parties today in Paris