US reschedules Jordanian debt

20 March 2003
The US is to reschedule $177 million of Jordan's debt, in line with pledges made by the Paris Club of creditor nations in July, Finance Minister Michael Marto announced on 19 March. The sum accounts for obligations coming due between July 2002 and the end of 2006. Jordan's total debt to the US stands at about $410 million and total external debt is more than $7,000 million. The US is the fourth country to make good on its Paris promises: Germany has rescheduled $95 million, France $330 million and the UK $313 million (MEED 14:3:03).

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