VOL. XXXVII

NO. 11

13-DECEMBER-1993

Financial and Banking News

Regional Financing

Qatar Presses Forward With Ambitious Borrowing Program

A $150mn balance of payments loan for Qatar, currently being finalized amongGulf banks, has added another element to the country's already ambitiousborrowing program. Banks will soon be invited to bid to underwrite financing forthe Qatargas upstream facilities. The loan for the downstream plant is still inthe market. Contracts are also being awarded for a number...