Kuwait City: Kuwait is planning to repay the first tranche of a $8 billion loan it took out from international banks in 2017 in March 2022, at a 2.75 percent interest rate. The first tranche of the loan is worth $3.5 billion and will be due in five years, while the second tranche of the loan, worth $4.5 billion, will be due in 2027. Kuwait, based on current economic and financial factors, has no problem paying the full amount of the first tranche of the loan, or even double its value, but the issue is more complex than just the ability to repay the debt, especially given the Minister of Finance's promise to work on approving the public debt law concurrently. With the backing and possibly promotion of credit rating institutions, most recently "Standard & Poor's" last week, to address the issue of the budget funding crises through debt, and even consider what is known as the national discussion as paving the way for the passage of the Public Debt Law.
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