VOL. XXXVIIINO. 821-NOVEMBER-1994

Financial and Banking News

Regional Financing

Kuwait Will Pay $5.5Bn Jumbo Loan On Time, Finance Minister Says

The Kuwaiti Finance Minister, Mr. Nasir 'Abd Allah alRudhan, has confirmedthat Kuwait intends to repay its $5.5bn balance of payments loan on schedule. Hetold Reuters that "the board of directors of the Kuwait InvestmentAuthority (KIA) decided in its last meeting held on Wednesday 9 November to optfor repayment of the government loan." Speculation that...