VOL. XXXII

NO. 27

10-APRIL-1989

Financial and Banking News

LOANS AND ISSUES

Agreement Reported among Iraq's Creditors

According to the London daily Financial Times, Iraq's principal foreigncreditors have reached an informal agreement among themselves to limit themaximum concessions they are prepared to offer Iraq in rescheduling its foreigndebt. The agreement - reportedly concluded in January - sets a five-year limiton bilateral rescheduling deals in the absence of a formal Paris Clubagreement and...