"The government has almost exhausted the General Reserve Fund's liquidity", said the rating agency.
Kuwait loses $4b per year to corruption: Expert
According to Transparency International, Kuwait in 2020 ranked 78 out of 180 countries in the Corruption Perception Index.
Kuwait working on law to tap a $700-bn fund to help balance budget
Kuwait Investment Authority, which manages the fund, expects the fund's durability will not be affected by withdrawals
