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ABK Concludes Participation in The Annual Meetings of the International Monetary Fund and the Boards of Governors of the World Bank Group

20 Oct 2022



ABK Concludes Participation in The Annual Meetings of the International Monetary Fund and the Boards of Governors of the World Bank Group

A management delegation from Al Ahli Bank of Kuwait (ABK) joined the annual meetings of the International Monetary Fund (IMF) and the board of governors of the World Bank Group (WBG), which took place in Washington, D.C. between 10 and 16 October 2022.

The prominent global event brings together central bankers, ministers of finance and development, parliamentarians, banking leaders, private sector executives, representatives from civil society organizations, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.

Representing ABK, a management delegation took part a positive part in panels that discussed regional and global issues, including geopolitics, cybersecurity, macroeconomic situation, high inflation rates, energy crisis, monetary and fiscal policy changes, higher interest rate environment, deglobalization of the world economy and the digital roadmap for banks.

Commenting on the involvement, ABK said: “We were privileged to have a delegation representing The Bank at the annual meetings of the International Monetary Fund (IMF) and board of governors of the World Bank Group (WBG). The event has witnessed partaking from leaders worldwide to promote global macroeconomic and financial stability to provide policy advice and capacity development support that can help countries build and maintain strong economies.”

ABK’s delegation met with around numerous leaders representing commercial and investment regional and global banks to discuss mutual interests and potential cooperation. The executive team has also met several regional central bankers and executives. ABK would like to that H.E Ambassador Jasem Albudaiwi and the Embassy of the State of Kuwait in Washington D.C., as well as the Central Bank of Kuwait and the Kuwait Banking Association for all their efforts during these meetings.

The event also featured seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the financial system.