Kuwait will have exhausted all its oil savings by 2017 if it keeps on spending money at the current rate, the International Monetary Fund said in a report published on Tuesday.
The IMF, which held a regular consultation with the OPEC member state in the last two weeks of April, said Kuwait would not be able to save oil receipts into its future generations fund.
It needed to diversify its economy and improve its infrastructure and climate for investment if it was to remain in good financial health.
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