{"id":421796,"date":"2021-06-22T12:04:20","date_gmt":"2021-06-22T06:34:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=421796"},"modified":"2021-06-22T13:25:57","modified_gmt":"2021-06-22T07:55:57","slug":"this-600-billion-wealth-fund-got-caught-in-power-struggle","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/this-600-billion-wealth-fund-got-caught-in-power-struggle\/","title":{"rendered":"This $600 billion wealth fund got caught in power struggle"},"content":{"rendered":"<p>NEW DELHI: A $600 billion sovereign wealth fund is caught in the crosshairs of a political power struggle that\u2019s roiling one of the world\u2019s richest countries. <\/p>\n<p>The Kuwait Investment Authority, the world\u2019s oldest state investment vehicle, has been in limbo since its board\u2019s tenure expired two months ago. <\/p>\n<p>A new term has yet to be approved as political differences spill over into a disagreement over the make-up of the nine-member board, according to a person familiar with the matter. <\/p>\n<p>The uncertainty now hanging over the KIA, which manages Kuwait\u2019s vast oil wealth through two key funds, is emblematic of a broader malaise that\u2019s paralyzed policy making, prompted ratings agencies to warn of downgrades and perversely<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: A $600 billion sovereign wealth fund is caught in the crosshairs of a political power struggle that\u2019s roiling one of the world\u2019s richest countries. The Kuwait Investment Authority, the world\u2019s oldest state investment vehicle, has been in limbo since its board\u2019s tenure expired two months ago. A new term has yet to be approved as political differences spill over into a disagreement over the make-up of the nine-member board, according to a person familiar with the matter. The uncertainty now hanging over the KIA, which manages Kuwait\u2019s vast oil wealth through two key funds, is emblematic of a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-421796","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/421796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=421796"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/421796\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=421796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=421796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=421796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}