IMF calls on Kuwait to improve crisis management

Central Bank of Kuwait
The Central Bank of Kuwait
Francisco Anzola

The Central Bank of Kuwait (CBK) should work to improve its financial stability tools, including the crisis management framework, International Monetary Fund staff say in their latest report on the Gulf nation’s financial sector.

“The crisis management framework and financial safety net arrangements should be strengthened and further operationalised,” staff write in the Financial System Stability Assessment.

The central bank has helped implement an insolvency regime, improved its emergency

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