The Central Bank of Kuwait said on Sunday that 1,051 citizens graduated from “Kafaa initiative programs,” launched by the central bank 15 years ago.

The programs aimed at supplying the banking and financial sectors with highly qualified personnel according to top international standards.

The CBK said in a statement that investment IN national cadres tops its priorities for such an approach secures the sectors’ sustainability.

The “Kafaaa” initiative was launched in 2009 in cooperation with Harvard Business School. Since then, it has expanded, encompassing currently eight programs in partnership with foreign and regional entities.

It aimed at qualifying freshly graduated Kuwaitis to become eligible to work in the banking sector, granting scholarships for Master’s degree studies abroad and awards for researchers

Source: Kuwait News Agency