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Central banksApril 3 2023

Kuwait’s central bank crafts sustainable development strategy

Basel A Al-Haroon, governor of the Central Bank of Kuwait, talks to John Everington about the impact of slowing economic growth on the local banking sector, CBDCs and other digital initiatives, and the country’s nascent green finance initiatives.
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Kuwait’s central bank crafts sustainable development strategy

Q: What are the main strategic priorities for the Central Bank of Kuwait (CBK) in 2023/24? 

A: The CBK continues to formulate its strategy for 2023-24, which aims to support the drivers of sustainable economic development through conducting appropriate monetary and credit policies to promote investment, as well as achieve economic and social advancement. 

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John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.
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