Ahmad Al-Jaber Al-Sabah
The COVID-19 pandemic has exacerbated Kuwait's economic crisis. Kuwait's economy faced a budget deficit of $46 billion in 2020. In September 2020, Kuwait's Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah became the 16th Emir of Kuwait and the successor to Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, who died at the age of 91. In October 2020, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah was appointed as the Crown Prince. Since January 2021, Kuwait has been experiencing its worst political crisis in many decades. Kuwait was downgraded by S&amp;P Global Ratings two times in less than two years because of declining oil revenue and delayed fiscal reforms. Kuwait is facing a looming debt crisis according to various media sources.