VOL. XXXVII

NO. 21

21-FEBRUARY-1994

Financial and Banking News

Budgets & Revenues

Kuwait Will Meet Foreign Debt Obligations On Time, Central Bank Says

Kuwait does not intend to refinance the $5bn loan raised from internationalbanks in November 1991 and will meet its principal repayments on time, a CentralBank official has said. There are no plans to seek new foreign loans, he added.The official, who was not named, made his remarks during an interview in Kuwaitwith the Egyptian state-owned...