VOL. XXXIV
NO. 43
29-JULY-1991
Financial and Banking News
Kuwaiti Finance
Rudhan Clarifies Borrowing Plans
Kuwaiti Finance Minister Nasir 'Abd Allah al-Rudhan says that his country will probably borrowaround KD7bn ($24mn), although an Amiri decree issued on 15 July set a ceilingof KD10bn. His comments followed newspaper reports which interpreted the Amiridecree as a statement of Kuwait's short-term borrowing plans. In fact, theceiling, which was set deliberately high so as to avoid the need to have...
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