VOL. XXXVIII

NO. 40

3-JULY-1995

Financial andBanking News

Public Finance

Kuwaiti Speaker Lambasts Government's Proposals

Reaction to Mr. Rudhan's proposals was not slow in coming: the speaker of theKuwaiti parliament, Mr. Ahmad al-Sa'dun, quoted in the Arabic daily al-Hayat on28 June, said that "Kuwait is on the verge of bankruptcy" and that thefinance minister's proposals represented a "serious about-turn" in theeconomic position of the emirate. He urged the Kuwaiti people to listen to theMinister...