Arab Times, 20 May 2025: The Undersecretary of the Ministry of Finance has introduced a new Public Debt Law, which focuses on enhancing financing and liquidity.

The law is designed to provide Kuwait with diversified financial resources both locally and internationally, supporting development projects and strengthening domestic financial markets. It authorises the Ministry of Finance to mandate the Central Bank or Kuwait Investment Authority to secure financing on its behalf, reflecting the State’s capacity to borrow responsibly.

The law raises the borrowing ceiling from KD10 billion to KD30 billion and extends the borrowing term from 10 to 50 years, introducing specific expenditure guidelines. These changes are expected to positively influence Kuwait’s credit rating by demonstrating fiscal discipline and effective management of development financing. The Public Debt Law is part of a broader strategy to engage confidently with global markets, minimise borrowing costs, and diversify the investor base. It also aims to develop a local debt market by establishing a reliable yield curve, serving as a benchmark for domestic investors.

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