Emergency Measures to Ensure Continuity of Supply Chains

Finance Minister Dr. Yaqoub Al-Rafai stated that disruptions to navigation through the Strait of Hormuz are affecting supply chains, shipping costs, and food security, while increasing economic pressures, particularly on developing countries that rely on imports. During his participation in the high-level ministerial meeting held on the sidelines of the annual meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund in Bangkok, Al-Rafai outlined Kuwait’s efforts to address these challenges by taking emergency measures to ensure the continuity of supply chains, enhancing coordination between the public and private sectors, and cooperating with the Kingdom of Saudi Arabia and the Sultanate of Oman to provide alternative maritime routes.