Kuwait’s Finance Minister, Manaf Abdulaziz Al Hajri, has reportedly submitted his resignation, according to local media sources on Tuesday. This move comes after serving in the position for only three months.
Al Hajri was appointed as finance minister in April as part of a cabinet reshuffle initiated by the country’s prime minister. This reshuffle occurred shortly after the government resigned due to disagreements with an opposition-controlled parliament.
While Kuwait possesses significant oil reserves and maintains robust fiscal and external balance sheets, political disagreements and institutional obstacles have hindered investment and hindered reforms aimed at diversifying the economy away from oil dependence.
After the formation of a new cabinet following parliamentary elections, Al Hajri was reappointed in June. The reshuffling of the government took place following the resignation of the previous administration.
In a separate development, Kuwait’s parliament announced via Twitter on Tuesday that it had accepted the resignation of Faisal Alshaya, the president of the State Audit Bureau. The tweet from the parliament did not provide specific details regarding the reason for Alshaya’s departure.
