NO. 5


Financial and Banking News

Loans and Issues

Jordan Reschedules US, German, Danish and Spanish Debt

Jordan completed rescheduling agreements last week with the US, West Germany,Spain and Denmark for a total of $115.5mn. A major deal was concluded with WestGermany, covering nearly DM77mn ($42mn), which represents all of Jordan'srepayments in 1989-90 and part of the interest due in 1989. The amount isrescheduled for 10 years starting in 1990 with five years' grace...