The Gulf’s youngest central bank governor may struggle to revive lending at Kuwait’s banks to spur private businesses and reduce reliance on a government that focuses more on raising wages than investments.
Mohammed al-Hashel, 37, took over as central bank chief in Opec’s fourth-biggest oil producer after his predecessor Sheikh Salem Abdul Aziz al-Sabah quit in February.

….[] “He is going to face a very hard task,” Jassim al-Saadoun, head of Kuwait-based Al Shall Economic Consultants, said by phone. “We have a troubled economy losing its competitiveness, that’s why the former governor resigned, and where fiscal policy is dominant with little left for monetary policy. Growth is close to zero.”