Press Releases

The Central Bank of Kuwait (CBK) hosted a workshop for GCC officials on selected issues in monetary policy, organized by the International Monetary Fund's Middle East Center for Economics and Finance (IMF-CEF) April 16-18, 2024. The bank said this comes part of efforts to train national and GCC cadres, enhance monetary policy approaches, and implement global best practices in this field, adding that the attendees are representatives of GCC central banks and monetary authorities.

The workshop offered a comprehensive review of monetary policy systems, monetary conversion mechanisms, and the role of monetary policy in macro-economic stability. Focus was lent to the GCC group in particular, and the discussions were touched on topics including:

• Monetary policy and exchange regimes in resource-rich countries.
• Monetary policy in view of currency pegs.
• Monetary policy in view of managed exchange rate regimes.
• Monetary policy and macroprudential policy and financial stability.
• Monetary policy for handling resource flows.

CBK added that this IMF-CEF workshop is one in a series of seminars and workshops held annually by the CBK to enhance the capabilities of staff in GCC central banks and monetary authorities and apprise them of the latest developments in the fields of banking supervision and monetary policy.

CBK stressed the significance of the role played by central banks and monetary authorities within the effort to maintain monetary and financial stability, which requires care to boost performance of staff in these institutions in line with global best practices in this regard.