Kuwait permits fund borrowing for public finances

Kuwait has issued a decree allowing the government to borrow from the sovereign wealth fund, known as the "Future Generations Reserve Fund," to support public finances — for the first time in decades. Such borrowing requires approval from the Council of Ministers and specifies each loan's amount and purpose, with restrictions on the total borrowings so that they do not exceed the average returns of the fund over the past five years or 10% of the fund's assets. The amendments aim to strike a balance between financing current needs and preserving the wealth for future generations.

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