VOL. XLI
No. 16
20-April-1998
KUWAIT
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...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!