VOL. XL

No. 37

15-September-1997

KUWAIT

Kuwaiti Difficult Credit Settlement Attracts Good Response

The Governor of the Central Bank of Kuwait, Shaikh Salim Abd al-Aziz al-Sabah, saidlast week that under the third phase of the fast track settlement of the Difficult CreditSettlement Scheme a total of 1,977 debtors have repaid KD211.6mn ($699.5mn) representing78.1% of the KD271.1mn ($896.2mn) due on 6 September. The amount settled is net of someKD33mn ($109mn) in debt servicing which was also...