Kuwait Signs MoU with Qatar Government for Financial Cooperation

The State of Kuwait signed a memorandum of understanding on financial cooperation with the Government of the State of Qatar. The agreement was signed by Dr. Yaqoub Al-Rafai, Kuwait’s Minister of Finance, representing the Government of Kuwait, and Ali bin Ahmed Al-Kuwari, Qatar’s Minister of Finance, representing the Government of Qatar, in the presence of Kuwait’s Ambassador to Qatar, Ahmed Al-Sharim. The signing takes place within the framework of bilateral cooperation between the two brotherly countries to develop fiscal and economic policies, enhance the efficiency of public financial management and financial planning in line with international best practices, and to organize conferences, seminars, and workshops to exchange views in financial fields, as well as to build and develop national capacities and human capital in a manner that fulfills the aspirations of both countries.

Minister of Finance Dr. Yaqoub Al-Rafai noted that this signing comes amid the Kuwaiti Ministry of Finance’s commitment to building on its previous steps to strengthen the economic and financial cooperation framework among the Gulf Cooperation Council (GCC) countries, and to continue joint efforts and initiatives toward achieving economic integration objectives, particularly in light of the rapid changes affecting the global economy. He also emphasized the importance of enhancing financial relations with the State of Qatar, particularly regarding the exchange of views and expertise in various fields, in accordance with the shared interests and benefits of the two brotherly countries.