NO. 15


Financial and Banking News

Public Finance

Kuwait's Parliament Agrees Debt Write Offs For Allies

Kuwait's National Assembly has passed a law to write off $3bn in debts owedto it by Egypt and Syria. Interest owing from seven other countries will also becanceled. The law covers loans to Egypt of KD824mn ($2,745mn) and loans to Syriaof KD38.7mn ($129mn). The law also covers KD72.8mn ($242.5mn) in interest duefrom Chad, Guyana, Guinea, Morocco, Pakistan, Senegal and...