VOL. XXXVII

NO. 46

15-AUGUST-1994

Financial and Banking News

Regional Financing

...And Decides Not To Defer Repayments On Balance Of Payments Loan

Saudi Arabia has decided not to defer repayments on its $4.5bn balance ofpayments loan, and will pay the next $900mn installment on 22 August, the duedate. Bankers were informed of the Kingdom's decision on 7/8 August. The changeof heart is understood to be attributable to two main factors. First, a fewbanks, particularly the French, were insisting on...