#Future Generations Fund

Kuwait seeks approval to use wealth fund to finance deficit

The government’s also attempting to push through parliament legislation allowing it to tap international bond markets

One of world’s richest nations taps wealth fund as cash dries up

To generate liquidity, the government began last year swapping its best assets for cash with the $600bn Future Generations Fund

Kuwait gets first Moody’s downgrade over ‘liquidity risks’

Moody’s now ranks Kuwait two steps lower than Fitch Ratings and one below S&P Global Ratings

kuwait-skyline

Kuwait’s $65bn debt plan in peril after draft law rejected

The bill was designed to raise as much as $65bn

Kuwait’s wealth fund on standby as oil price, virus hit finances

By law, 10 per cent of state revenue is annually transferred into the Future Generations Fund, which invests abroad and has adequate liquidity to meet any requirement