NO. 42


Financial and Banking News

Financial Policy

Kuwait's Assembly Considers Proposal To Use Reserves To Fund Deficit

Kuwait's National Assembly is considering a law which would allow thegovernment to use the country's Reserve Fund for Future Generations (RFFG) tocover the annual budget deficit for the next five years. It would alsolegitimize the drawings from the fund which have occurred since the Gulf Wareven though these were technically illegal. The assembly is...