Mubasher: 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.