NO. 26


Financial and Banking News

Budgets & Revenues

Kuwaiti Banks Stay Open To Accept Registrations For Debt Settlement

Kuwaiti banks opened on Friday and Saturday last week (25 and 26 March) toaccept registrations under the difficult credit settlement scheme. Debtors haveuntil 1 April to inform banks whether they will chose to repay what they owe(minus a discount) immediately or reschedule the whole amount over 12 years.Recent statements from the Prime Minister that...