Jordan and the US on 14 August signed a Loan Guarantee Agreement, under which the US would guarantee repayment of principal and interest on the issuance of up to $1.25bn of seven-year Jordanian sovereign bonds.
Jordanian Prime Minister ‘Abd Allah al-Nusur said the guarantee, which aims to support his country’s economic and financial reform efforts, will allow Jordan to obtain external financing at competitive interest rates, at par with US government borrowing. The loan guarantee, the first from the US to the government of Jordan, will also help to reduce the government’s debt servicing payments. (CONTINUED - 367 WORDS)
