VOL. XXXIX

No. 50

9-September-1996

SAUDI ARABIA

Saudi Government Takes More Steps to Repay Debt Arrears

An official of the Saudi Ministry of Finance and National Economy said last month that Saudi Arabia was to start on 31 August to make payments to holders of special certificates issued to farmers worth more than SR3bn ($800mn). This amount represents the first of three tranches of payments worth a total of SR9.705bn ($2.6bn) that the government agreed to make to farmers in...