Kuwait PM: A Rules-Based International Order Is Essential for Economic Stability

Kuwait’s Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah stressed that the world urgently needs a rules-based international order to ensure stability and effectively address escalating global challenges.

Speaking at the World Governments Summit 2026, he emphasized that a rules-based international order is fundamental to safeguarding economic security and strengthening cooperation among nations, rather than relying on temporary or shifting solutions.

Economic Reforms for Sustainability

The Prime Minister highlighted Kuwait’s recent fiscal reforms aimed at enhancing financial stability and diversifying revenue sources, supported by stronger private sector participation.

He noted the adoption of a public debt and liquidity law to better manage sovereign obligations.

He added that building a rules-based international order globally must be complemented by modern domestic legislation, including an upcoming law regulating sovereign sukuk issuance in line with Islamic finance principles.

Improved International Confidence

These reforms have strengthened investor confidence, reflected in S&P Global Ratings upgrading Kuwait’s sovereign rating to AA- with a stable outlook.

Kuwait also returned to international debt markets with a $11.25 billion sovereign bond issuance.

The Prime Minister concluded that such measures serve as tools for building a diversified and sustainable economy, reiterating that a rules-based international order remains essential for long-term economic stability and growth.