Middle East Economic Survey

VOL. L

No 28

9-July-2007

KUWAIT

Kuwaits Financial Reserves Worth $213Bn By End-March 2007

Kuwaits financial reserve assets grew by 28% to KD61.368bn ($213bn) in fiscal year 2006-07 which ended on 31 March, Kuwaiti Finance Minister Badr al-Humaidhi on 4 July told a closed session of the Kuwaiti parliament which reviewed the countrys financial position. A statement released by the minister after the session revealed that the Reserve Fund for Future Generations (RFFG) had a...