Kuwait transfers assets to wealth fund to unlock cash – Aljazeera.com
Kuwait transfers assets to wealth fund to unlock cash – Aljazeera.com
The Kuwaiti government transferred the last of its productive assets to the country’s sovereign wealth fund in exchange for cash to fill its budget deficit, after a political dispute over borrowing left one of the world’s richest countries short of cash and prompted Fitch to reduce its outlook to negative. Fitch confirmed Kuwait’s AA rating, […]
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