Middle East Economic Survey

VOL. LIII

No 3

18-Jan-2010

KUWAIT

Kuwait Credit Growth Improving, Budget Outlook Remains Favorable, Says NBK

Monetary developments in Kuwait were showing signs of improving stability as 2009 came to an end, the National Bank of Kuwait (NBK) said in its 11 January Economic Brief. During November, deposits at local banks expanded at a decent pace. Meanwhile, credit showed signs of improvement, with growth surpassing the rise in deposits. As a result, money supply (M2)...