INTERNATIONAL
Kuwait Wants to Borrow $33 Billion to Rebuild: The war-torn country said it wants to borrow the money on world money markets to rebuild its shattered economy and pay allied military bills for ending seven months of Iraqi occupation. A decree by the emir, Sheik Jabbar al Ahmed al Sabah, instructed the finance ministry to obtain the loans “in various international financial markets.” It would be the first time the emirate--the Middle East’s fourth-largest oil exporter before the Gulf War--has had to knock at the doors of international institutions for cash.
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