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It’s A Disaster

Badrya Darwish

Badrya Darwish

Reading the IMF World Economic Report for 2015 was very interesting, especially when I read about the forecast for Kuwait, because this is my concern. I was ashamed actually and I went on reading about other countries.

In the beginning I was comparing my country with the most developed and strongest economies in our region such as Saudi Arabia, Qatar and the UAE. But it was shocking to me that we ranked not near them but next to the ones that have been suffering for many years from war (Iraq) or international sanctions (Iran).

I find it really a shame that Kuwait’s economic growth prospects rank among these two countries in the region. Don’t forget Kuwait has ranked for the last 15 years as one of the wealthiest countries in the world per capita and has enjoyed a massive surplus in its budget.

So what is the reason behind the massive deterioration in Kuwait’s economy? Please do me a favor and don’t bluff me by saying that it’s due to the collapse of oil prices. It has not caused our fall. Because oil prices dropped only a few months ago, but Kuwait has enjoyed many years of strong income.

So we shouldn’t feel the pinch of income shortages for years to come, as the government is very smart to set its budget on the basis of $55 per barrel. So the only reason I can imagine is corruption, I’m sorry to say. Of course, the result of corruption is poor planning and a lack of development in every sector.

Tell me for the last 20 years, in which area did we develop? In infrastructure? No, on the contrary. Hospitals and national health? No. Did we develop our schools and education? No. In our power systems and energy? No. What else can be said? Nothing. And I don’t think we are ever going to develop because now oil prices have dropped and this will be a good excuse for the government to tighten its belt. If we couldn’t develop in the years of booming oil prices, how can we do it now? This is a disaster for us and for the coming generations.

By Badrya Darwish

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This article was published on 16/04/2015