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.
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.