NO. 8


Financial and Banking News

Regional Financing

Kuwait And France Sign $862Mn Credit Facility

Kuwait and France on 16 November signed a medium-term credit facility worthFF5bn ($862mn) to finance the purchase of French goods and services by theKuwaiti public sector. Under the terms of the accord, 85% of the cost of acontract will be eligible for financing. The facility was put together more thana year ago for the State of Kuwait through the Ministry of Finance, with...