VOL. XXXVIII
NO. 19
6-FEBRUARY-1995
Financial and Banking News
Public Finance
Kuwait Rejects Refinancing Of Balance Of Payments Loan...For Now
The Managing Director of the Kuwait Investment Authority (KIA), Mr. 'AliRashid al-Badr, says that Kuwait will not raise a new loan to cover repaymentson its $5.5bn balance of payments loan which start in June this year. However,he did not rule out refinancing later payments, if economic circumstanceschange. In an interview with the Kuwaiti daily al-Anba, Mr....
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