NO. 25


Financial and Banking News

Public Finance

Saudi Government Issues Bonds To Cover Some Overdue Repayments

Saudi bankers have welcomed the government's decision to cover about onefifth of its overdue payments to contractors through the issue of medium-termbonds, but they stress that the instruments distributed so far represent only apartial solution to the problem of overdue government debts. The question of theremaining overdue payments must also be resolved, they...