Sunday's announcement marks its fifth government in less than a year. Read more at straitstimes.com.
KUWAIT CITY – Kuwait formed its fifth government in less than a year on Sunday, naming new oil and defence ministers, as the Opec member tries to break out of a protracted political impasse that has stalled fiscal reform and development.
Manaf Al-Hajeri, the fifth finance minister since 2020, was reappointed and heads up Kuwait Investment Authority, which manages the country’s sovereign wealth fund that is valued at more than US$700 billion . A former president of the Olympic Council of Asia and a former minister, Sheikh Ahmad was sidelined by senior ruling family members more than 10 years ago following a dispute and remained out of the cabinet until now. He had been among senior Al-Sabahs who have jostled for power in the oil-rich Gulf nation, and his return marks a change in alliances in both the family and Kuwaiti politics.
“The ‘new’ government is not so new, it follows the same old manual,” said Bader Al-Saif, assistant professor of history at Kuwait University. “But it’s the PM’s boldest government so far.”
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