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...
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