Kuwait, one of the world's richest countries is now facing cash crisis
Shortpedia
Content Team
Image Credit: shortpedia
When Kuwait's then-Finance Minister Anas Al-Saleh warned in 2016 that it was time to cut spending and prepare for life after oil, he was ridiculed by a population raised on a seemingly endless flow of petrodollars. And now the world's richest countries is struggling to make ends meet as a sharp decline in energy prices raises profound questions over how Gulf Arab states are run. They haven't enough cash to pay state salaries beyond October.
