VOL. XXXII
NO. 51
25-SEPTEMBER-1989
Financial and Banking News
LOANS AND ISSUES
France Reschedules $1.2bn Worth of Iraqi Debt
After more than a year of negotiations, France and Iraq finally signed anagreement on 14 September to reschedule FF8.5bn ($1.24bn) worth of Iraqi debtarrears. Under the terms of the accord, Iraq will pay FF1.5bn ($220mn) withinthe next three months while France will extend another FF7bn ($1bn) worth ofgovernment-to-government and officially-guaranteed debt for a further six...
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