VOL. XLII
No. 07
15-February-1999
IRAN
Japan Agrees To Restructure $500Mn Of Iranian Debt
Following official negotiations in January between theCentral Bank of Iran and the Japanese Government, the Japanese Export ImportBank (JEXIM) and a group of private companies have agreed to reschedule nearly$500mn of Iranian debt (the total outstanding in Japanese private credit) inthe form of a loan. The loan offers the Iranians a new repayment schedulewhereby, according to the Japanese newspaper Mainichi...
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