kuwiat

Kuwait’s recession set to deepen, as IMF urges government to make reforms


Issue 1193 - 16 Oct 2024 | 3 minute read

With parliament sidelined for up to four years, the government could push through some long-delayed reforms to the economy, but there has been little sign of meaningful policy initiatives by Prime Minister Sheikh Ahmad Abdullah Al-Ahmad’s team. Now the IMF is pushing the government to use its ‘window of opportunity’ to cut spending, relax foreign ownership rules and reduce the public sector workforce.

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