Financial and Banking News


Kuwait Reschedules Yugoslav Debt

Under the terms of a Paris Club deal involving the rescheduling of some $700mn of its foreign debt falling due from May 1986 to March 1988, Yugoslavia has also reached agreement with the Kuwaiti Government to reschedule $190mn of its debt to Kuwaiti financial institutions. The rescheduling agreement was signed in Kuwait on 25 March between the National Bank of Yugoslavia and the Kuwait Foreign Trading,...