Kuwait Approves Fund Borrowing

Kuwait has approved a decree-law that allows the government to borrow from the "Future Generations Fund" affiliated with the Public Investment Authority to support the general reserve. Strict controls have been imposed on withdrawals and rescheduling to ensure the protection of the sovereign fund’s assets. The law specifies the amount of the loan, its purpose, and repayment terms, along with financial ceilings to prevent the depletion of the fund’s resources. Specifically, annual withdrawals are limited to no more than 100% of the fund’s returns over the past five years or 10% of the reserve’s asset value. The aim of this measure is to organize the financing of the general reserve, allowing the government council to make borrowing decisions based on the recommendation of the relevant minister, with repayment priority guaranteed when there is surplus financial availability.

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