VOL. XLIII

No. 27

3-July-2000

JORDAN

Italy And Jordan Sign Deal To Convert Debt To Development Schemes

Italy has signed an agreement to convert $78mn worth of Jordanian public debt into funds to finance development projects, the Jordan Times reported on 23 June. Under the terms of the deal, Jordan will budget certain amounts of debt to finance development programs in the fields of communication, irrigation, agriculture, health and education. Jordanian Finance Minister Michel Marto and Italian...