- 29 June 2016
- Lu : 659 fois
The government of Kuwait has hired Oliver Wyman to assist the country as it makes plans to access the global bond market to close its budget deficit following the precipitous drop in the oil price, Bloomberg News reported.
Kuwait’s debt is anticipated to be $26.5 billion, Finance Minister Anas Al-Saleh said.
The country plans to continue with existing infrastructure products. Several state-owned firms have already been looking to the debt market, including Kuwait Petroleum Corp.’s Kuwait Oil Tanker Co., which is looking to secure $3.3 billion.
Oliver Wyman will provide a strategy to help the country navigate the debt markets.