Kuwait's Central Bank governor is urging the government to increase spending on infrastructure and services in the face of the global financial crisis. In an interview published Sunday with the official Kuwait News Agency, Sheikh Salem Abdul-Aziz Al-Sabah says the state should even expedite some of its mega projects to boost the economy. Kuwait's economy is overwhelmingly dependent on oil revenues, and the country has been grappling with the effects of the global meltdown and slumping oil prices. To boost lending and help some companies offset losses, the government has proposed a 1.5 billion dinar ($5.13 billion) stimulus package. But the package is still before the parliament.
