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...