WASHINGTON: Chairman of Gulf Bank Bader Al-Kharafi emphasized the importance of Kuwaiti participation in the IMF and World Bank meetings to address global economic challenges, poverty reduction, sustainable development and international monetary cooperation. He noted Kuwait’s role in promoting solutions for food economy dynamics, gender equality, private sector investment and sustainable growth, helping prepare for future financial challenges.

Minister of Finance, Minister of State for Economic Affairs and Investment and Acting Minister of Oil Noura Al-Fassam underscored Kuwait’s efforts to diversify its economy by improving the business environment, expanding financing options, and encouraging long-term partnerships. Speaking at the 2024 Annual Meetings Plenary, she emphasized the need for strategic investments in innovation, technology and sustainability to reduce dependence on oil revenues.

Fassam also highlighted Kuwait’s commitment to building a resilient economy and advancing sustainable development through regional and international partnerships. The meetings gathered prominent Kuwaiti officials, including Central Bank of Kuwait Governor Basel Al-Haroon, Kuwait’s Ambassador to the US Sheikha Al-Zain Al-Sabah and key banking officials. Leaders from other major Kuwaiti banks participated, highlighting the country’s advancements in banking technology and financial reform efforts amid global economic shifts. — KUNA