NO. 36


Financial and Banking News

Regional Financing

Saudi Arabia Makes First Repayment On $4.5Bn Loan

The Kingdom of Saudi Arabia made the first repayment on its $4.5bn balance ofpayments loan on 22 May, the due date. The money was paid "quietly andwithout fuss", according to one recipient. There had been speculation inrecent months that the Kingdom's current financial difficulties would force itto seek a postponement or refinancing of the repayment, even though this would...