DEBT OF JORDAN News update on the country debt situation, by East-West Debt

Jordan's debt in the Paris Club is estimated at $3.8 billion and its total foreign debts are estimated at $7 billion

East West Debt, solving defaulted trade and bank debt

East-West Debt oct. 2002 news, update : JORDAN

We are pleased to present another issue of East-West Debt news update on the debt situation in the world. International events influence the solutions for solving overdue trade and bank debts. East-West Debt can offer our readers attractive financial solutions for solving non-performing trade and bank debts ...

... thanks to the expertise of our international network of experts. East-West Debt is an international financial company specialised in the recovery of overdue debt. To be successful to our clients, we give the highest priority to attractive creativity, quality and integrity for solving overdue debts in high risk countries.

East-West Debt offers financial solutions to multi-nationals, banks, governments, and insurance companies in solving overdue debts in high-risk countries in:

Africa,

the Middle East,

Eastern Europe,

Latin America,

South-East Asia.

For solving overdue debts, East-West Debt is using the following solutions:

debt equity swaps

debt for counter-trade

debt for debt swaps

debt collection

international litigation

Jordan has concluded an agreement with the Paris Club member countries to reschedule a sum of $2 billion. The sum will have to be paid by Jordan during the period from July 2002 until December 2007.

The agreement enables the Jordanian government to pay debt services to the the Paris Club creditor countries in full extent. Jordan's debt in the Paris Club is estimated at $3.8 billion and its total foreign debts are estimated at $7 billion, approximately 75% of its GDP.

The agreement will allow the country to keep an optimum level of foreign reserves, will ease debts burden service and will help to support the balance of payment without having to borrow from world financial markets.

ALGERIA ARGENTINA BRAZIL EGYPT
INDONESIA IRAN IRAQ JORDAN NIGERIA PAKISTAN TURKEY UKRAINE URUGUAY VIETNAM

East-West Debt has made every effort to ensure the accuracy of this publication. Neither the company nor any contributor can accept any responsibility for -including but not limited to- errors, omissions, opinions or advice given. This publication is not a substitute for professional advice and all information is for guidance only.