The government has been considering establishment of a multi-billion dinar fund as a measure to resolve the consumer loans crisis and to end the issue completely, reports Al-Shahed daily quoting an informed source.
He revealed that the government is intending to set up the fund with a capital of about KD 3-5 billion, which will be managed by Central Bank of Kuwait, indicating that it will prioritize payment of the loans of those debtors who were sentenced by the legal courts for their inability to pay off the loans.
He said the fund will afterwards deal with the loan payment of debtors of other categories with intermediate and long-term methods within different phases, depending on the situation.
Kuwait eyes multi-billion dinar fund to help resolve loans crisis
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