Legislative panel rejects rise for China-led Asian Investment Bank – ‘Pilots must be returned to KAC’

KUWAIT CITY, Dec 18: The Finance and Economic Committee of the National Assembly received an Sunday a letter from the government requesting it to approve an increase in the capital of the Asian Investment Bank comprising 57-member states founded in China in which the US and Japan have refused to participate.

This was announced by the committee’s Rapporteur. She said, what is demanded from the government of Kuwait is $731 million.

This money is expected to be taken from the general reserve, lamented the Rapporteur of the Committee MP Safa’a Al-Hashem. She added the Minister of Finance has asked the committee to approve $536 million after reducing the quota, but the Committee has rejected the government request.

She said the committee has set its priorities which include the Kuwait Airways Corporation, small scale projects and the Competition Protection law.

On the issue of the Kuwait Airways Corporation (KAC) pilots, who have been transferred to other government institutions, Al-Hashem strongly rejected any privatization of Kuwaiti aircraft.

She added it has been agreed that the pilots must be returned to KAC. In a related issue, a member of the Finance Committee MP Ahmed Nabil Al-Fadhel disclosed the committee has formed a sub-committee comprising him and MP Abdul-Wahab Al-Babtain for understating the job security of the pilots who have been transferred to other government agencies. He pointed out the legislative and executive branches are planning to nationalize the KAC.

Meanwhile, MP Mohammed Al-Mutair stressed the opposition has extended a hand of cooperation to the government and the government has until next May to amend the electricity tariff bill to prevent confrontation between two authorities.

He pointed out the increase in water and electricity tariffs are beyond just being an executive work of Ministry of Electricity to the work of public policy of the State. He added, he intends to submit an appropriate amendment to law No. 20/2016 on this issue taking into account social justice and taking correct procedures to fix the country’s economic situation.

Earlier, Al-Mutair had called on the government to freeze the law in response to the Parliament’s demand to build bridges of cooperation and had threatened to take all constitutional procedures including grilling the Prime Minister Sheikh Jaber to preserve the most important rules of the Constitution, which stipulates justice, equality and prosperity for citizens.

By Abubakar A. Ibrahim Arab Times Staff

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