Kuwait decree allows government borrowing from sovereign wealth fund
Kuwait’s government issued a decree allowing it to borrow from its more than $1 trillion sovereign wealth fund, ending a decades-old ban as lower oil revenues and shipping disruptions weigh on public finances.
By Brinda DarashaKuwait’s government issued a decree on Tuesday allowing it to borrow from its more than $1 trillion sovereign wealth fund, ending a decades-old ban and helping support the state treasury as lower oil revenues and disruptions to shipping on the Strait of Hormuz weigh on public finan…