The conflict had complicated the Kuwait Investment Authority’s ability to make major decisions, even though the finance minister – as its chairman – can decide on important issues
Future Generations Fund
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budget deficit
Kuwait posts record $36 billion deficit on oil price drop, Covid-19
The OPEC member has been battling to reduce its deficit due to its dependence on oil revenues, and high spending on civil servant wages and subsidies
Future Generations Fund
Kuwait’s ‘life after oil’ fund said to rise to about $700bn
Future Generations Fund is a national savings pot designed to help Kuwait prepare for life after oil
Future Generations Fund
Kuwait savings fund reports record 33% growth in annual returns
Growth in the fund, a national savings account designed as a buffer for life after oil, over the last five years has exceeded total revenue from oil for the same period
Future Generations Fund
Kuwait hasn’t renewed wealth fund’s board since term expired
The Kuwait Investment Authority is the world’s oldest sovereign fund – and one of the largest – with has stakes in ports, airports and power distribution systems around the world
Future Generations Fund
Kuwait is said to plan drawdown from sovereign wealth fund
Kuwait looks to control the country’s spiraling deficit with new debt law
covid-19
Kuwait projects $40bn deficit as infighting delays reform
Budgeted capital expenditure is up 20% on the current year’s estimate
Future Generations Fund
Kuwait’s sovereign wealth fund grows despite oil shocks
The Kuwaiti government has recorded fiscal deficits since 2015