NO. 41


Financial and Banking News

Country Debt

Jordan to Repay Military Debt to Russia with Cash and Commodities

Jordan and Russia are close to an agreement on the repayment of Jordan's$750mn military debt. Most of the debt will be repaid in commodity exports, buta small portion, perhaps $100mn-$150mn, will be paid in cash. The AssociatedPress news agency quoted Mr. Michel Marto, the Deputy Governor of Jordan'sCentral Bank, as saying that a final agreement would be reached...