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IMF classifies Algeria as MENA least indebted country

The International Monetary Fund has classified Algeria as the least indebted among the 20 countries in the Middle East and North Africa. Algeria ranks second in the classification of countries that have the most important exchange reserves, after Saudi Arabia with reserves amounted to $ 205.2 billion by the end of 2012.

The IMF report published by the APS today that the Algerian external debt represents only 2.4 per cent of GDP in 2012, and would remain at the same rate in 2013, compared to 2.8% in 2011.

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