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‘Kuwait financial reserves strong, but Hormuz risks loom large’ - Times Kuwait
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‘Kuwait financial reserves strong, but Hormuz risks loom large’ - Times Kuwait
Moody’s has affirmed that Kuwait holds substantial sovereign financial assets and strong reserves, enabling it to maintain financial stability even if the Strait of Hormuz remains closed for an extended period. The agency noted that past crises have demonstrated Kuwait’s ability to draw on these assets to cover budget deficits and meet financing needs, strengthening its resilience against economic shocks, reports Al-Qabas daily. However, Moody’s…
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