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Europe Daily Bulletin No. 8605

13 December 2003
Contents Publication in full By article 34 / 38
GENERAL NEWS / (eu) eu/algeria
EIB grants EUR 230 million loan for reconstruction

Luxembourg, 12/12/2003 (Agence Europe) - As we had predicted, the European Investment Bank (EIB) has granted a EUR 230 million loan for rebuilding social housing and basic infrastructure in areas hit by the earthquakes in May 2003. The loan contract was signed in Algiers on 11 December. A second loan of EUR 20 million should be signed early 2004 to help rebuild businesses in the stricken areas and revive economic activity. The two long-term EIB loans (up to 30 years for public...

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THE DAY IN POLITICS
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