VOL. XLVII
No 01
5-January-2004
CAPITAL MARKETS
Jordan Signs 35Mn Debt Swap With German Development Bank
Jordan and the German Development Bank (KfW) on 17 December signed an agreement worth some 35mn for a debt swap with a 50% discount of the nominal value of the debts originating from the banks soft loans. A Jordanian Government plan calls for the expansion of debt swap agreements, which are development policy innovations, with foreign creditors. In the case of debt swaps by KfW, soft loans are...
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