NO. 8


Financial and Banking News

Loans & Issues

Jordan to Get New Money but No Interest Cut

Talks between Jordan and its commercial bank creditors, which are aimed atrescheduling $575mn worth of principal repayments due in 1989 and the first halfof 1990, have resulted in an agreement in principle that the banks shouldprovide Jordan with at least $45mn worth of "new money", but the bankshave refused Jordan's other main demand - that the interest rate be cut by 19...