Kuwait chaos weighs on restructurings

Banks with exposure to Kuwait’s troubled investment companies such as Investment Dar and Global Investment House are still struggling to reach restructuring agreements amid the intensifying political turmoil in Kuwait over its economic rescue plans. Read on for the market’s reaction to the cabinet’s resignation yesterday (Monday), and how political friction is affecting the outcome of debt restructurings in the country.

  • 17 Mar 2009
The resignation of Kuwait’s cabinet yesterday (Monday) over a conflict between members of parliament and the prime minister Nasser Mohammad al-Ahmad al-Sabah comes at a time when the country’s bail-out plans have yet to be resolved, and the government’s handling of the financial crisis continues to cause friction ...

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