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General Reserves Fund

General Reserves Fund latest

Economic activity in the Kuwait's non-oil sector has continued to expand, albeit at a slower pace, reflecting the impact of lower oil prices.  (Shutterstock/Riyas.net)
January 22nd, 2017 - 07:00 GMT

Oil prices push Kuwait to seek financing for the first time since 1988: IMF

The IMF reports Kuwait has drawn on the General Reserves Fund (GRF), and to a lesser extent domestic bond issues, to finance its 17.5 percent deficit.
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