VOL. XLIII

No. 25

19-June-2000

KUWAIT

Kuwait Withdraws $83.6Bn From Reserve Fund For Future Generations

The Kuwaiti Minister of Finance, Shaikh Ahmad 'Abd Allah al-Sabah, in an unprecedented disclosure, announced on 11 June that since its establishment in 1976, Kuwait has withdrawn KD25.5bn ($83.6bn) from the Reserve Fund for Future Generations (RFFG). According to the minister, the money was used mainly after the Iraqi invasion in 1990 KD6.22bn ($20.4bn) was withdrawn between August 1990 and...