Kuwait’s central bank should relax rate caps – IMF

New legislation will encourage nationwide credit rating system, fund staff say

Central Bank of Kuwait
Francisco Anzola

The International Monetary Fund says the Central Bank of Kuwait should relax lending rate gaps once new credit laws have fully taken effect.

“While established corporations already borrow at below the applicable lending rate cap, a gradual relaxation could expand access to credit to a wider segment of the corporate sector and SMEs,” IMF staff said at the conclusion of their latest Article IV mission to the country.

Legislation has recently been enacted to allow the country’s credit bureau to

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