— The Kuwaiti Ministry of Finance partook in the 46th annual ministerial meeting of the Islamic Development Bank (IDB) Board of Governors, held in Tashkent between September 2-4.

The finance ministers of the Organization of Islamic Cooperation (OIC) member states, including Kuwaiti Finance Minister and Minister of State for Economic Affairs and Investment and Governor of Central Bank of Kuwait Khalifa Hamada, participated in the 46th gathering, the Ministry of Finance said in a press release. The gathering, which also attracts representatives from national, regional and international finance organizations, focused on major global economic issues, according to the release.

During the meeting, the State of Kuwait was elected member of the Board of Directors of the Islamic Corporation for the Development of the Private Sector, representing the Arab Group between 2021 and 2024, it added.

This year’s Annual Meeting is taking place against the backdrop of the COVID-19 pandemic, causing the global economic downturn. With this in mind, the event will mainly discuss measures to ensure the availability of vaccines against coronavirus, ways to solve the current economic problems caused by the pandemic and mechanisms to facilitate a comprehensive economic recovery both in member countries and at the global level.

A number of issues will be addressed during thematic workshops and events held in the framework of the Annual Meeting. Topics such as enhancing resilience in the face of COVID-19, restoring sustainable global value chains as a path to a global economic revival, inclusive youth development, job creation and a number of other interesting topics will be covered.

Source: Kuwait News Agency