NO. 23


Financial and Banking News

Regional Financing

Jordan Wins Paris Club Rescheduling, but London Club Deal stillDistant

Jordan has secured a Paris Club rescheduling on part of its official debt,but agreement with banks over the rescheduling of commercial debt is still inthe most preliminary stages. The Paris Club rescheduling is along the lines ofthe "Houston Terms" outlined by the Group of Seven industrializednations in September 1990. This envisages a rescheduling of...