VOL. XLIII

No. 13

27-March-2000

KUWAIT

NBK On Developments In Kuwait

Higher oil prices Kuwaiti crude averaged over $19/B in 3Q 1999 and $23/B in 4Q may contribute to a budget surplus this year in Kuwait, "though at this time, little else," according to the Financial Quarterly iii and iv/1999 report of the National Bank of Kuwait (NBK). The government appears "poised to increase spending to stimulate the economy," says the report. However, it notes that, "there was a setback in the governments...