Kuwait’s finance minister has revealed that the country’s fiscal stabilization, the Government Reserve Fund (GRF) overseen by the Kuwait Investment Authority (KIA), is heavily depleted, with liquidity falling by around 95% in the decade to end-March to less than KWD2 billion (US$6.5 billion).Dr. Anwar Al-Mudhaf, who serves as both Minister...
Kuwait’s finance minister has revealed that the country’s fiscal stabilization, the Government Reserve Fund (GRF) overseen by the Kuwait Investment Authority (KIA), is heavily depleted, with liquidity falling by around 95% in the decade to end-March to less than KWD2 billion (US$6.5 billion).Dr. Anwar Al-Mudhaf, who serves as both Minister...