Wednesday 8 June 2011

Jordan: Worth a punt? | beyondbrics – FT.com

Putting aside Jordan’s fiscal problems, simmering political tensions, significant unemployment, and need to import energy, the small monarchy’s debt might actually be a pretty good bet.

So says Exotix, the frontier markets specialists, who recently initiated a buy on Jordanian debt — even as other analysts worry that fall-out from the Arab spring has put the nation on a dangerous long-term trajectory.

Jordan, argues Exotix’s analysts, has a manageable level of external debt after buy-backs last decade, and the Gulf Cooperation Council’s decision to extend a “welcome wealthy hand of friendship” to the small monarchy could give a boost to Jordan’s less-promising fiscal situation.

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