No. 16



New Law Sees End To Overseas Investment By RFFG

The Kuwaiti Reserve Fund for Future Generations (RFFG) will stop investing its surplusfunds overseas in years when the state runs a fiscal deficit, if the National Assemblyaccepts the terms of a new law proposed by the prime minister. The amendment to Law 106 of1976 would curtail the government's obligation to divert 10% of all its revenues to theRFFG regardless of the fiscal position of the government. Under...