NO. 34


Financial and Banking News

Regional Financing

Jordan's Paris Club Rescheduling Totals $1.4bn

The Governor of the Central Bank of Jordan, Mr. Muhammad Sa'id Nabulsi,announced on 15 May that the Paris Club had rescheduled $1.4bn worth of debtwhich had been due for repayment between 1991 and mid-1993. Mr. Nabulsi saidthat Jordan would repay official development assistance (ODA) loans over aperiod of 10 years following a 10-year grace period, while government-backedloans...