Middle East Economic Survey

VOL. LII

No 11

16-Mar-2009

KUWAIT

Government Funds Sustain Banks Liquidity, NBK Reports

Net foreign assets of the Central Bank of Kuwait (CBK) rose to KD289mn ($980mn) in January thanks to significant government inflows that increased money supply (M2) by 3.8% on a month-on-month basis, National Bank of Kuwait (NBK) reported on 11 March. The inflows are part of the governments efforts to support liquidity in the banking system and provide a substitute to declining...