|31 July, 2019

Kuwaiti public debt instruments register $11.2bln in 2018/19

During the fiscal year ended on 31 March, the CBK issued 40 bonds and related tawarruq

Panoramic view of Kuwait City skyline at down. Image used for illustrative purpose.

Panoramic view of Kuwait City skyline at down. Image used for illustrative purpose.

Getty Images/Emad Aljumah

Kuwait - The value of Kuwait’s public debt instruments dropped 25.32% year-on-year in the fiscal year 2018/2019, recording KWD 3.39 billion ($11.17 billion), according to a report released on Wednesday by the Central Bank of Kuwait (CBK).

During the fiscal year ended on 31 March, the CBK issued 40 bonds and related tawarruq, with a total value of KWD 8.74 billion.

The GCC country’s public debt instruments declined by 29.1% year-on-year to KWD 2.97 billion ($9.78 billion) during May.

Source: Mubasher

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