VOL. XXXVI

NO. 41

12-JULY-1993

Financial and Banking News

REGIONAL BANKING

Jordan Reaches Basic Agreements With Banks On Debt Rescheduling

Jordan's commercial bank creditors are cautiously optimistic that arescheduling agreement will be concluded by the end of the year. The newJordanian Finance Minister, Mr. Sami Qammuh, agreed the principles of a dealwith the banks' steering committee after three days of talks at the end of June.The steering committee - consisting of Chemical Bank, Burgan Bank,...