20 Hrs
Source:
الراي
Al-Rifai: Kuwait can face economic shocks with reserves
The Kuwaiti Minister of Finance, Yaqoub Al-Refai, confirmed that Kuwait possesses strong capabilities to confront economic shocks thanks to its solid financial reserves and prudent policies. He emphasized that the country has managed to maintain macroeconomic stability and contain inflation. He also highlighted the importance of enhancing preparedness to face future challenges, particularly disruptions in the Strait of Hormuz and their impact on energy markets and supply chains. The ongoing implementation of Kuwait Vision 2035 remains central to strengthening the private sector and achieving economic diversification. The meeting addressed the key economic challenges facing the region, discussing growth prospects for 2026 and 2027, as well as ways to enhance the capacity of economies to manage shocks—thereby promoting financial stability and sustainable development.
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