Algeria: Government to write off farmers' debts

Contributor

Algeria will write off 41 billion dinars in money owed banks by farmers and livestock breeders, President Abdelaziz Bouteflika announced Saturday (February 28th) at an agricultural conference in Biskra. The announcement is a real lifeline for an Algerian farming community on the verge of collapse. Starting this week, banks will cease any proceedings to recover their debts.