Decree grants borrowing powers to CBK and KIA in line with 2025 public debt framework
Move is part of Kuwait’s broader fiscal policy for FY 2025/2026, to ensure sustainable financing, enhancing liquidity, and managing public debt in line with global standards
As part of the implementation of Decree-Law No. (60) of 2025 — which outlines Kuwait’s framework for financing, liquidity management, and public debt strategy — Minister of Finance and Minister of State for Economic Affairs and Investment Noura Al-Fassam has issued a ministerial resolution granting borrowing powers to the Central Bank of Kuwait and the Kuwait Investment Authority (KIA).
Ministerial Resolution No. 37 of 2025, published in official gazette Kuwait Alyawm, authorizes the CBK and the KIA to carry out borrowing operations on behalf of the Ministry of Finance, in close coordination and consultation with the ministry, reports Al-Jarida daily.
Article One of the resolution authorizes the Central Bank of Kuwait to conduct borrowing operations domestically, stating, “The Central Bank of Kuwait is authorized, on behalf of the Ministry of Finance, to coordinate and consult with the Ministry to carry out borrowing operations in Kuwaiti dinars or in major convertible foreign currencies within the State of Kuwait, using commonly adopted financial methods and instruments.”
Article Two extends the borrowing authority to the Kuwait Investment Authority for international markets, which reads as follows, “The Public Investment Authority, on behalf of the Ministry of Finance, is authorized to coordinate and consult with the Ministry of Finance to implement borrowing operations in major convertible foreign currencies from the global market, using financial tools and mechanisms that are widely accepted internationally.”
Article Three stipulates that all relevant officials are to implement the provisions of the resolution and provide regular updates to the Minister of Finance regarding the actions taken. The resolution is effective from the date of its issuance and has been officially published in the Official Gazette.
This strategic move is part of Kuwait’s broader fiscal policy for FY 2025/2026, aimed at ensuring sustainable financing, enhancing liquidity, and managing public debt in line with global standards.
