VOL. XXXV

NO. 31

4-MAY-1992

Financial and Banking News

Regional Financing

Kuwait Denies Reports of Intended New Borrowing

Recent speculation in the press regarding further borrowing in the name ofthe State of Kuwait is unfounded. MEES understands that the Kuwait InvestmentAuthority (KIA) recently held discussions in Kuwait with a number of US bankswith a view to drawing on around $100mn of export credits offered by the US. Thegovernment does not plan to raise additional balance of payments finance...