US launches Algeria-oriented export programme

Algiers, Algeria, 02/16 - The US will this year set up three new export credit guaranty programmes for American agricultural produce and equipment exported to Algeria, a statement from the US agricultural department indicated Tuesday.

The first programme estimated at about 25 million US dollars guarantees up to 98 percent of short and medium-term loans to finance the purchase of US agricultural products by Algerian importers.

The second 30-million dollar programme concerns export loan guaranties, while the third is a 20-million dollar equipment guaranty programme