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The new law includes new mechanisms likely to supply this institution with efficient instruments meant to allow it monitor public funds. This novelty intervenes after many parties claimed the role of the Finance General Inspection to be revived and the inspector’s mission to be rehabilitated in addition to backing up control tasks. On the fringes of the Council of the Nation’s plenary session devoted to the discussion of 2007 finance law, Mr. Medelci mentioned that the new law is underway of elaboration given it is of a paramount importance. In another context, Algeria concluded in Finance Ministry headquarters an agreement with Germany by virtue of which it will pay its overall debts agreed upon with Paris Club estimated at 7.9 billion Dollars. Thus Algeria has paid 12 billion Dollars within two years, and debts went down to around 5 billion Dollars. The agreement with Germany intervenes after the US agreed upon the Algeria debts pre-payment. Hence, Algeria ends up the series of agreements concluded with the 16 member States of London Club. | ||||||||||||||||||
Finance General Inspection new statute