KUWAIT CITY, October 28: Kuwait International Bank (KIB) took part in the activities and events of the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), held in Washington, DC, in the United States from October 21 to 26. KIB also attended the Kuwait Banks Evening Reception organized by the Kuwait Banking Association (KBA) under the patronage of His Excellency the Governor of the Central Bank of Kuwait (CBK)Basel A. Al-Haroon on the sidelines of these meetings.

The KIB delegation was headed by Raed Jawad Bukhamseen, Vice Chairman and CEO of KIB; Saleh Al Trad and Abdulrazzaq Al Mutawa, KIB Board Members; and Ma'ab Al Qassem, General Manager of International Banking and Financial Institutions Department at KIB. The delegation also included Anwar Bukhamseen, Chairman of KIB Invest; Ahmad AlFaresi, Board Member of KIB Invest; and Jamal Al-Barrak, CEO of KIB Invest.

The Annual Meetings were attended by central bank governors, finance and development ministers, senior private sector officials, civil society organization representatives, and academics. They discussed various issues, including the dynamics of the food economy, mechanisms for achieving sustainable development, and challenges facing global financial markets.

In this regard, KIB said that its participation in these international forums, which bring together a select group of decision-makers and economic experts from around the world, reflects its firm belief in the importance of fostering international cooperation and exchanging expertise in the financial and banking sectors.

Additionally, KIB pointed out that the Annual Meetings provided an opportunity to showcase the Bank’s distinguished banking model and emphasize its role in financing investment projects and contributing to the realization of Kuwait’s Vision 2035. The meetings also allowed KIB’s delegation members to engage with senior international officials and discuss the most pressing challenges facing the global banking and financial industry.

It is worth noting that KIB consistently aims to participate in events and activities relevant to the local banking sector, as a national institution dedicated to adopting the latest innovations and advancements in the banking industry to contribute to the country’s economic development.