NO. 52


Financial and Banking News

Budgets & Revenues

Kuwait Government Proposes Debt Write Off For Egypt And Syria

The Kuwaiti Government has asked the National Assembly to write off $3bn indebts owed to it by developing countries. Egypt would account for $2.77bn andSyria for $127mn. The remainder would consist of accumulated interest on loansto Chad, Guinea, Guyana, Pakistan, Senegal, Somalia and Zambia. The proposalis expected to come up for debate in November....