Kuwait’s parliament on Tuesday passed in principle a bill that requires the government to buy billions of dollars of bank loans owed by citizens and reschedule them after waiving interest. Thirty-three MPs voted for the law, three opposed it while 20 members including all cabinet ministers present abstained.
To become effective, the law must pass another round of voting in parliament in the coming few weeks, approved by the government and then signed into legislation by the ruler of the oil-rich Gulf state………………………………………..Full Article: Source