VOL. XLV

No 28

15-July-2002

JORDAN

Paris Club ToReschedule $1.2Bn Of Jordans Debts

The ParisClub of creditor states reached an agreement on 10 July with Jordanto reschedule $1.2bn of the countrys $3.8bn debt, said Jordanian FinanceMinister Michel Marto. Jordanwill pay the $1.2bn in instalments as of 1 Mayup to the end of 2007 and theagreement stipulates that it will pay back bilateral loans over 22 years with a12 year grace period. The two sides also agreed to reschedule export loans over20 years...