One of world's richest nations taps wealth fund as cash dries up One of world's richest nations taps wealth fund as cash dries up
THURSDAY, FEBRUARY 04, 2021
Kuwait's government has transferred the last of its performing assets to the country's sovereign wealth fund in exchange for cash to plug its budget deficit after a political dispute over borrowing left one of the world's richest nations short of cash and prompted Fitch to cut its outlook to negative.