VOL. XXXII

NO. 50

18-SEPTEMBER-1989

Financial and Banking News

BUDGETS AND REVENUES

Jordan Wins Breathing Space with Debt Reschedulings

Five months after price riots triggered the resignation of the JordanianGovernment, the new government economic team has won some breathing space forthemselves by rescheduling the country's foreign debt and lining up more aid.

The two critical elements in this strategy have been the deals struck withthe country's official and commercial creditors under the informal...