Economics
Kuwait’s Wealth Fund on Standby as Oil Price, Virus Hit Finances
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Kuwait’s government has discussed the possibility of turning to the sovereign wealth fund for a loan should the oil-price slump and the mounting cost of fighting the coronavirus pandemic deplete its cash reserves.
The option of a loan or investment by the Future Generations Fund is one of several available as a way to boost the Gulf nation’s finances during a difficult time, according to a person familiar with the matter. The fund is managed by Kuwait Investment Authority.