How Kuwait’s political gridlock is hampering economic policymaking, competitiveness
Al-Monitor Pro Members
Dr. Robert Mogielnicki
Senior Resident Scholar, Arab Gulf States Institute in Washington
May 8, 2023
Kuwaiti Crown Prince Sheikh Meshaal al-Ahmed al-Jaber al-Sabah formally dissolved the country’s National Assembly — or parliament — by royal decree on May 1, 2023. Institutional gridlock between Kuwait’s appointed government and elected parliament has hampered the ability to advance an effective economic policymaking and reform agenda, ultimately reducing the country’s economic competitiveness. Kuwait possesses massive sovereign wealth holdings and therefore very strong credit fundamentals, but the country’s economy is neither dynamic nor robust.
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