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Kuwait may wipe loan debts
- Kuwait: Sunday, December 16 - 2007 at 07:43
The Chairman of the Kuwaiti Banks' Union Abdulmajeed Al Shatti has said local lenders have held talks with the Central Bank of Kuwait regarding the issue of the government buying off consumer loans to help alleviate the debts of citizens, reported the KUNA. The matter was discussed earlier this month at the National Assembly where protests were staged by crowds of Kuwaiti citizens demanding government assistance.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 16 - 2007 at 07:43 UAE local time (GMT+4)
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