The loans war

The loans war

By Dr Khalid Al-Saleh

Kuwait society is split into two sides. One side adopted the warning against writing off loans of the public and its danger towards financial security and Kuwait’s future – it is represented by economists and the educated. The second side is represented by some members of the National Assembly, as the financial and economic affairs committee is still holding on to the debt write-off card and is supported by debtors who dream of their loans being dropped.

Both teams have motivations and clear arguments, and the media discussed both sides’ justifications. What we need to know are the unwritten motivations that are usually the main driving force for those leading the struggle. We cannot open the heart of each leader on both sides to find out their true intentions, but we can follow some comments and slips of tongues to attempt discovering these intentions.

Intentions here are linked to an old social struggle within the Kuwaiti structure, a structure that many wrote about, including articles in foreign papers. In Kuwait, there are many classes of society who inherited injustice due to the control of a few groups on the economy. Those limited groups are dealt with by Western politicians