Page content
Gulf sovereign debt: different approaches and results
The United Nations Development Programme is supporting the Kuwaiti government in deploying debt instruments to help finance development in education, healthcare, and clean energy. Those debt instruments include sovereign bonds and sukuk (sharia-compliant) bonds, now that Kuwait can access diversified financing channels thanks to the enactment of a new public debt law, which authorises government borrowing of around $97.5bn, with maturities extending to 50 years. [...]