NO. 38


Financial and Banking News

Public Finance

Kuwaiti Cabinet Floats Rescheduling Scheme

The proposal by the Kuwaiti cabinet outlined in the local press on 12 June toextend the terms of the Difficult Credits Settlement Program has long beenawaited or suspected but it will first have to find the support of 31members of the opposition-dominated National Assembly before it becomes law. Thecabinet is proposing that the scheme for early settlement be extended anotheryear to...