Mp Riyadh Al-adsani Said Swf Is More Than Kd 600 Billion

A member of the Parliament’s Budget Committee MP Riyadh Al-Adsani said Kuwait’s Sovereign Wealth Fund (SWF) is more than KD 600 billion. Indicating that he was informed by a senior state official that Kuwait’s SWF is KD 692 billion, he stressed that the time has come for people to know the true value of the SWF of their own country.

Former MP who was part of the dissolved 2012 parliament Dr Obeid Al-Wasmi said he was astonished by the statement issued recently by His Highness the Prime Minister in which the latter expressed his displeasure over the widespread corruption in Kuwait.

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He clarified that the reason behind his astonishment is that such a statement was issued by a person holding a senior position. Dr Al-Wasmi said Kuwait has been witnessing deterioration in many fields including democratic development, quality of education and level of offered services.

He pointed out some voices that respond to any criticism by comparing Kuwait to other countries, stressing, “If a country suffers from political backwardness and other problems, it does not mean we must comparing ourselves with those countries, and forget about the rest of the countries.”

SOURCE : ARABTIMES

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