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...
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