NO. 11


Financial and Banking News

Regional Banking

Jordan Signs Debt Rescheduling Agreement With Commercial Banks

The debt rescheduling agreement signed between Jordan and its commercial bankcreditors on 10 December is based on classic Brady-style terms involving par anddiscount bonds and a limited debt buy-back option. The deal was signed in Londonby Mr. Sami Qammuh, Jordan's Minister of Finance, and representatives of thecommercial banks' steering committee. Jordan...