Middle East News 247
Business Finance Government

Kuwait runs into resistance on bill to boost borrowing

A draft law allowing Kuwait’s government to tap local and international debt markets is unlikely to be supported by lawmakers unless it makes a convincing case for how any borrowed money will be spent, according to a key member of parliament.

The Finance Ministry is trying to hammer out a compromise with lawmakers to help ease the passage of the highly contentious draft bill, which would allow it to…

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