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Kuwait needs to push reforms for economic growth, says IMF

Summary by AGBI
Economy down 3.2% this year Dependent on hydrocarbon revenue IMF wants more FDI Kuwait must accelerate the introduction of fiscal and structural reforms that are needed to increase private sector-led growth and diversify its economy away from hydrocarbons, the International Monetary Fund said on Friday. Kuwait’s economy will contract by 3.2 percent this year because of an Opec+ oil production cut, but will grow by 2.8 percent in 2025 as the cut…
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