Finance Minister discusses with IMF mission the latest economic developments in the country

Kuwait City, November 9 (KUNA) -- Finance Minister Dr. Yaqoub Al-Rafai held talks today, Monday, with a mission from the International Monetary Fund (IMF), led by Mission Chief Vincenzo Giorno, to discuss the latest economic and financial developments in the country.

The Ministry of Finance said in a press release that the meeting reviewed the latest updates on economic performance and the government’s efforts to enhance fiscal sustainability, develop the public finance system, and support economic reform paths in line with the development objectives of the State of Kuwait and the “New Kuwait 2035” vision.

The ministry noted that the meeting also addressed ways to strengthen existing cooperation between Kuwait and the IMF, leverage technical expertise, and exchange views on future economic prospects. It added that both sides emphasized the importance of continuing cooperation and joint coordination to contribute to supporting economic and financial stability and achieving sustainable development.

Attending the meeting were Assistant Undersecretary for Technical Services and Acting Undersecretary of the Ministry of Finance Saad Al-Alawi; Director General of General Budget and General Accounting Affairs Ahmed Al-Omran; Acting Head of the Government Expenditure Performance Evaluation and Financial Accountability Unit Saad Fahad Al-Sabah; Senior Economist Alexey Meksyuk; and Senior Economist Chandana Kularatne.

The IMF mission is visiting the country officially from November 2 to 9. (End) A.A. / N.W.