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|     |      اللغة العربية
​General Reserve Fund (GRF)
  • Being the general reserve of the State of Kuwait, GRF assets and the income are available for use by the State of Kuwait as determined by the Government through passage of an annual budget by Parliament. The GRF is the treasurer as well as the stabilization fund managed by the KIA. 
  • The GRF is the main repository of all of the State of Kuwait's oil revenues and income earned from GRF investments.
  • Its assets and the income therefrom are available for use by the State of Kuwait as determined from time to time by the government of Kuwait, based on annual budgets approved by Kuwait's National Assembly (Parliament).
  • On annual basis a minimum of 10% of all State Revenues and 10% of the net income of the GRF are transferred to the FGF.
  • The State must authorize all withdrawals from the GRF through passage of annual Budget.
  • The GRF also holds all government assets, including Kuwait's participation in public enterprises as well as Kuwait's participation in multilateral and international organizations.
  • The GRF consists of investments in Kuwait and other MENA countries as well as hard currency assets held by KIA on behalf of the State of Kuwait.
  • The GRF also holds other government assets, including Kuwait's participation in public enterprises such as the Kuwait Fund or Arab Economic Development and Kuwait Petroleum Company in addition to Kuwait's participation in multilateral and international organizations, including the World Bank, the International Monetary Fund and the Arab Fund for Economic and Social Development, amongst others.