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Budgets & Revenues
Kuwaiti Debt Settlement Will Cost up to $19bn, Excluding Interest
Kuwait's debt settlement program, which was approved by an Amiri Decree on 11May, will cost the government at least $1bn a year for the next five to tenyears and could represent a significant budgetary burden for several yearsafter that. Many details of the 20-year program have yet to be worked out, butduring its first few years, annual interest on bonds...