NO. 47


Financial and Banking News

Public Finance

National Assembly Accepts Revision Of Difficult Credits Settlement

On 16 August, the Kuwaiti National Assembly passed by 37 votes to 21 (with 1abstention) the government bill advocating the revised terms for the DifficultCredit Settlement Program (see MEES, 19 June 1995). The passage of the billinto law - assuming the Emir gives it his assent - will represent a politicalvictory for the government, which has all along...