NO. 12/13


Financial and Banking News

Regional Banking

Kuwait Debt Settlement Plans Progress, Despite Difficult Issues

The Kuwaiti Government's plans to buy out bad debts held by thecountry's commercial banks are moving forward, but will not be completed by theend of the year. Nevertheless, steps will be taken to ensure that the banks willnot have to carry the debts in their accounts beyond 31 December 1991. Ifnecessary, this can be done in the new year in the form of a...