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Algeria News Agency

Algeria News Agency DZD 50 bl to prevent climate change-triggered floods 
ALGIERS- The State has allocated DZD 50 billion to prevent floods generated by climate change in the country's various towns, announced Water Resources Minister Abdelmalek Sellal in the night of Saturday to Sunday. Sellal, emerging from a People's National Assembly (Parliament) plenary session devoted to the consideration of finance bill 2009, said the decision had been taken following the floods hitting recently the province of Ghardaia (600km south of Algiers), claiming 34 lives and injuring 89 people.

Karim Djoudi

IMF, WB consider Algeria as slightly affected by global financial crisis 
WASHINGTON (United States)- The International Monetary Fund (IMF) and the World Bank (WB) consider Algeria as ''slightly affected by the global financial crisis," Finance Minister Karim Djoudi said Saturday here in an interview with APS. Broaching the talks he held with Chief Economist and Vice Chairman of the World Bank, as part of his activities during the annual meetings of the two international financial institutions, the minister underlined that Bretton Woods institutions' evaluation of the situation in Algeria was based on a series of measures it has taken, including that aiming at considerably reducing its foreign debts (prepayment). The step, he said, enabled Algeria to avoid the additional costs that might result from interest rates escalation and to avert the dangers relating to the lack of liquidity on the international markets, affected by the financial crisis.

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