Kuwait Banking Association received a preliminary delegation from the International Monetary Fund (IMF) during its visit to the State of Kuwait. This visit was part of the Fund’s annual consultations with local economic stakeholders, in accordance with Article IV of Kuwait’s Membership Agreement.
Representatives of Kuwaiti banks participated in the meeting, where several important economic and financial topics were discussed, most notably economic developments, future outlooks, and potential risks. The meeting also reviewed developments in the banking sector, including credit growth, interest rates, capital adequacy, liquidity levels, profitability indicators, and asset quality. Several issues related to the regulatory framework for the banking sector were also discussed, enhancing its strength and stability.
At the conclusion of the meeting, Mr. Hussein Al-Erian, Chairman of the Treasury Committee at the Kuwait Banking Association, expressed his thanks and appreciation to the IMF delegation and all participating Kuwaiti bank representatives, emphasizing that these meetings contribute to the exchange of expertise and insights and the strengthening of international cooperation, thus supporting the State of Kuwait’s efforts to consolidate economic and financial stability.
