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DUBAI: On Monday the International Monetary Fund (IMF) urged Opec member Kuwait to implement a reform package that includes Imposing taxes and phasing out subsidies to bridge a persistent budget deficit.
Kuwait, which is largely dependent on oil for nearly 90 percent of its exports, has been badly affected after crude prices collapsed in mid-2014 and accepted a budget earlier this month with a big deficit for the sixth year in a row.
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