November 24, 2020
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4:40Now PlayingSecretary of State Mike Pompeo met with Kuwaiti Foreign Minister Ahmed Nasser Al-Mohamed Al-Sabah in Washington as Kuwait, one of the world's wealthiest countries, is facing a debt crisis.
The pandemic has sent the price of oil crashing to all-time lows and pushed Kuwait toward a reckoning with its longtime largesse for its citizens just as a parliamentary election looms in December.
The two foreign dignitaries make joint statements after attending bilateral meetings, the culmination of the fourth U.S.-Kuwait Strategic Dialogue.
"It's wonderful that the United States and Kuwait have been able to work together on our preparedness to make sure we are ready to tackle public health challenges alongside each other," Pompeo said.
The Kuwait foreign minister in his remarks said, "maintaining this strategic dialog is very important. Now for the past 40 years, we see progress in all fields and sectors and they are numerous."
Even when the virus recedes, oil prices aren't expected to soar to 2014 peaks of over $100 a barrel. Experts say the pandemic has given Kuwait a glimpse of the future, jolting the country out of the assumption it can live beyond its means forever. But whether the shock will force much-needed reforms remains to be seen.
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