NO. 45


Financial and Banking News

Financial Flows

Saudi Arabia and Kuwait Have Yet to Fulfill Commitments to US WarEfforts

Foreign governments have so far paid $46bn to the costs incurred by the USin operations Desert Shield and Desert Storm, according to the US budgetdirector, Mr. Richard Darman. In testimony to the House of Representatives Waysand Means Committee on 31 July, Mr. Darman said that $54bn had been committed byforeign governments, leaving a shortfall of $8bn...