VOL. XXXIV

NO. 26

1-APRIL-1991

Financial and Banking News

Regional Banking

Saudi Arabia and Kuwait Reassess Borrowing Plans

Saudi Arabia and Kuwait are reconsidering plans to raise billions of dollarsfrom international capital markets. Both countries are now expected to postponeor significantly change the approaches to borrowing which they adopted earlierthis year. Saudi Arabia has been negotiating a $3.5bn loan to pay for expensesincurred as a result of the Gulf crisis, while Kuwait was...