Japan reschedules Jordan debt

Jordan's debt burden eased a little after Japan, the ocuntry's main creditor, agreed ot reschedule US $202 million in debt.

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By  Massoud Derhally Published  June 17, 2003

A day after King Abdullah II of Jordan pardoned Japanese journalist, Hiroki Gomi, who was jailed after a souvenir grenade he was carrying blew up and killed a Jordanian airport security guard, Japan rescheduled US $202 million of Jordan's debt.

The decision falls within the decision by Paris Club creditors last July.

Instead of Jordan paying the amount due between July 2002-December 2007, it will now repay the said amount over a 10-year period beginning June 2014, said the Japanese Embassy in Amman in a statement, according to AFP.

Jordan has a foreign debt of $7.4 billion, with $1.6 billion owed to Japan.

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