Kuwait Approves Future Fund Loans
Kuwait has enacted a law allowing the state to borrow from the "Future Generations Fund" affiliated with the Public Investment Authority to support the general reserve, with strict regulations in place to ensure the protection of the sovereign fund's assets. The decree sets an annual withdrawal cap not to exceed 100% of the average returns of the fund over the past five years, and a maximum loan balance of 10% of the net assets, with no amendments permitted if these limits are exceeded. The law aims to regulate borrowing operations and define repayment terms, while also enhancing the management and investment of funds through a variety of financial instruments.
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