Algeria: Islamic Development Bank Denies $3 Billion Dry Loan

The Islamic Development Bank (ISDB) did not grant a direct loan of 3 billion dollars to Algeria. The president of the institution, Mohammed Suleiman al Jasser, clarified this in response to a question from “Agenzia Nova” during the closing press conference of the Bank’s annual meetings, held in Algiers. The clarification comes after the spread of some press reports, according to which Algeria had obtained a loan of three billion dollars from the…