Jordan's external debt contracted by 38.6 per cent in the first quarter of the year from a year earlier after the government bought back part of its debt due to the Paris Club of creditor nations on March 30, the Finance Ministry said Sunday. ( dpa )
The ministry put the country's external debt at the end of March at 3.78 billion dinars (5.3 billion dollars) compared with 5.25 billion dinars at the end of March 2007.
External debt as a ratio of the gross domestic product fell from 46.8 per cent in the first quarter of 2007 to 29.5 per cent at the end of March 2008, the finance ministry said.