Financial and Banking News
ECGD Expected to Agree œ700mn Line for Kuwait
The British Export Credits Guarantee Department (ECGD) is expected to agree a700mn facility for Kuwait soon. Kuwait has already agreed export credit lineswith US, Canadian, Dutch and Japanese agencies. Export credit lines should notbe confused with commercial loans to Kuwait, since they are activated only wheneligible export contracts have been signed and so are likely to be drawn down in...