VOL. XXXIV

NO. 23

11-MARCH-1991

Financial and Banking News

Budgets & Revenues

Kuwaiti Officials Deny Reports of Plan to Raise $20bn

Senior Kuwaiti officials tell MEES that a report in the Financial Times ofLondon suggesting that Kuwait is about to announce plans to borrow up to $20bnto finance reconstruction. The report, which appeared on 8 March, referred toKuwaiti officials saying that Morgan Guaranty of the US was set to lead thefund-raising and that a decision on the borrowing was likely to...