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...