VOL. XL

No. 23

9-June-1997

JORDAN

Paris Club Reschedules $450Mn Of Jordanian Debt

The Paris Club of official creditors has agreed to reschedule $450mn ofJordanian debt due for repayment between June 1997 and February 1999. Jordan's totaloutstanding foreign debt stands at around $6.5bn, half of which is bilateral debt tosovereign creditors. Jordan had initially hoped to reschedule $1.2bn in debt in order topush ahead with economic reforms and reduce the burden of its debt repayment currently...