The data issued by the Central Bank of Kuwait showed that the volume of foreign direct investment declined during the first quarter of 2021 by about 3.16 percent on an annual basis.
According to the quarterly statistics issued by the Central Bank, the foreign direct investment in Kuwait recorded 4.167 billion dinars during the first three months of this year, compared to 4.303 billion dinars during the same period 2020, while the foreign investment decreased on a quarterly basis by 0.14 percent, as it reached 4.173 billion dinars during the fourth quarter of last year (Mubasher).
CBK revealed that the international investment position of Kuwait (includes total assets minus liabilities) amounted to 22.618 billion dinars in the first quarter of 2021, a decline of 14.91% from its level in the corresponding quarter of 2020 of 26.582 billion dinars.
On the other hand, Kuwait's total external debt increased during the first quarter of 2021, including the external debt balances of the government and the private sector, by 8.63 percent on an annual basis. The value of Kuwait’s total external debt amounted to 19.549 billion dinars during the first quarter of this year, compared to 17.996 billion dinars in the corresponding quarter of 2020, while on a quarterly basis, the volume of external debt increased during the first three months of 2021 by 24.97 percent, as it was at 15.641 billion dinars in the fourth quarter of 2020.
Source (Al-Rai Newspaper-Kuwait, Edited)
