VOL. XXXVI

NO. 22

1-MARCH-1993

Financial and Banking News

REGIONAL FINANCING

Kuwait Repays $100mn Bridging Loan; Prepares for $300mn in Export Credits

On 22 February, Kuwait repaid a $100mn bridging loan which had been providedby Citibank. The loan had been extended to tide the economy over until a $100mnpackage of export credits was put in place late last year. However, repaymenthad been rolled over for about three months after the credits had been madeavailable.

A second package, for $300mn, is...