Al-Rifai Meets IMF Managing Director to Discuss Strengthening Financial and Economic Cooperation

Finance Minister Yaqoub Al-Rafai met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva. During the meeting, they discussed the latest developments regarding the memorandum of understanding (MoU) for financing the IMF Center in Kuwait, and examined the necessary steps and arrangements to complete the procedures for signing the MoU. This reflects Kuwait’s keenness to strengthen cooperation and coordination frameworks with the IMF and support its role in financial and economic areas of mutual interest.

Managing Director Georgieva praised Kuwait’s pivotal and dynamic role in driving economic and financial stability in the region. She noted that Kuwait’s success in containing the repercussions of the recent crisis stems from sound policies, effective crisis management, the utilization of robust financial buffers, and balanced monetary policies aimed at protecting vital economic sectors and achieving sustainable recovery.

In conclusion, both sides reaffirmed Kuwait’s ongoing commitment to enhancing coordination frameworks and strategic partnership with the IMF, and to completing the study of all necessary procedures and arrangements for signing the MoU on financing the IMF Center in Kuwait. This effort aims to support and deliver training courses and develop cooperation in financial and economic areas of mutual interest.