VOL. XXXI

NO.41

18-JULY-1988

Financial and Banking News

REGIONAL BANKING

Kuwait to Sue Debtors

The Central Bank of Kuwait has ordered commercial banks in the country to suedebtors who have defaulted on their loans and who refuse to cooperate with agovernment rescheduling scheme. Announcing the order on 10 July, the Governorof the bank, Shaikh Salim 'Abd al'Aziz al-Sabah, said that preparation ofsettlement proposals for nearly KDl.9bn ($6.7bn) in non-performing loans coveredby the scheme would be...