VOL. XXXVII

NO. 28

11-APRIL-1994

Financial and Banking News

Kuwait's Agenda Focuses On Cabinet Change, Belt-Tightening AndPrivatization

In a keynote speech to the nation, his first since the liberation of hiscountry in 1991, Kuwait's Crown Prince and Prime Minister, Shaikh Sa'd al-'AbdAllah al-Sabah stressed the need to reduce state spending and confirmed thegovernment's broad intention to expand the role of the private sector in thelocal economy. On the political front, he announced plans for a...