VOL. XXXIX

No. 51

16-September-1996

KUWAIT

Good Response In Second Phase Of Kuwaiti Difficult Credit Settlement

Pending the release of official figures next week, MEES soundings indicate that the second phase of the fast track settlement of the Difficult Credits Settlement Scheme in Kuwait has achieved a settlement rate in the range of 70- 75% by value. However it seems likely that this proportion will be further increased by the end of the four-month grace period (for which interest is...