NO. 49


Financial and Banking News

Regional Banking

Central Bank of Kuwait Considers $17bn Local Debt Buyout

The Governor of the Central Bank of Kuwait, Shaikh Salim 'Abd al-'Aziz al-Sabah,met with chairmen of the country's commercial banks on 2 September to discuss aplan for the Central Bank to buy out all of the commercial banks' bad debts. Ifimplemented, the plan will cover both debt, rescheduled under the DifficultCredit Facilities Guarantee Scheme, estimated to total...