Thursday, February 12, 2009

Kuwaiti government gets pressure to expand bailout

The Kuwaiti government may boost its approximately $5 billion economic rescue plan.

Some legislators in the Kuwait parliament have demanded a bailout of indebted citizens to augment the recently announced stimulus package that will help banks lend to companies.

Investment firms in Kuwait have been finding it hard to get fresh loans due to the global crisis.

Parliament is expected to debate the new plan on March 3rd.

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