THE issue of loans is not complicated. It is made to look complicated by vested interests for political reasons but unfortunately it is one of the reasons why the sufferings of 25 percent of the Kuwaitis have increased and multiplied.
This problem can be solved easily if we apply the United Arab Emirates (UAE) method and lessen the burden from the shoulders of citizens, free the economy from the shackles of uncertainty and shut the mouths of those who use this issue to trade in politics particularly during election time.
Long ago the United Arab Emirates set the ball rolling to prevent such a phenomenon when the late Sheikh Zayed bin Sultan Al Nahayan (we pray to God to have mercy on him) devised a policy and six months ago the initiative was adopted by Sheikh Khalifa bin Zayed Al-Nahayan.
About 20 years ago the late wise ruler of the UAE Sheikh Zayed met a farmer who was taking care of palm trees in the garden of his palace. Sheikh Zayed was informed that the man had been imprisoned for failing to pay back his bank loan.
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