VOL. XXXII

NO. 19

13-FEBRUARY-1989

Financial and Banking News

BUDGETS AND REVENUES

Jordan Faces Major Payments Crisis

Confidence in Jordan's ability to pay its own way in the internationalmarkets, having barely survived two sharp knocks in June and October last year,has now been severely dented with the eruption of a full-blown payments crisisin Amman. After an eight-month period during which the economic news from Jordanhas been uniformly gloomy, with tightened controls on foreign exchange, higher...