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...
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