RIYADH: Kuwait’s government is set to borrow from the country’s sovereign wealth fund, which has more than $1 trillion in assets, to support public finances as Gulf economies grapple with the fallout from the US war on Iran.
The new decree, proposed to support the general reserve fund, amends a 1976 law governing the sovereign wealth fund known as the Future Generations Reserve Fund, which is managed by the Kuwait Investment Authority.
Kuwait’s Future Generations Fund is a long-term sovereign savings fund designed to preserve and grow…
