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The story: Kuwait’s government has proposed a draft law to withdraw a maximum of 16.5B USD annually from the Future Generations Fund (FGF) to cover its deficit. The FGF and the General Reserve Fund (GRF) account for most of the assets of Kuwait's sovereign wealth fund. This comes as many members of the National Assembly, the country’s parliament, have already vowed to reject the draft law.
The coverage: On March 1, Kuwait’s Al-Rai newspaper quoted the head of parliament’s finance committee, Ahmad Al-Hamad, as saying that...
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