Press Releases
International Monetary Fund Concludes 2024 Article IV Consultation with the State of Kuwait
International Monetary Fund (IMF) Concludes 2024 Article IV Consultation with the State of Kuwait
MoreCBK Enriches Economic & Financial Knowledge among Business Administration Students at "Kuwait-IMF Towards a Constructive Partnership Forum"
The Central Bank of Kuwait (CBK) Enriches Economic & Financial Knowledge among Business Administration Students at "Kuwait-IMF Towards a Constructive Partnership Forum"
MoreCBK Continues to Enhance and Update Monthly Statistics Tables
Keen on assessing and updating its statistical bulletins, and seeking further development of its statistical data to provide integrated and comprehensive information in terms of scope of coverage, regularity, up-to-date data, and quality in line with the latest global best practices in the field, the Central Bank of Kuwait has updated the tables in its Monthly Monetary Statistical Bulletin as of the August 2024 issue.
MoreCBK Issues 2023 Financial Stability Report
In line with its efforts to enhance transparency, disclosure, and provide reliable information and statistics related to the Kuwaiti financial and banking sector, the Central Bank of Kuwait (CBK) has issued its Financial Stability Report for the year 2023.
MoreCBK Cuts Discount Rate by 25 Basis Points to 4.00%
In light of its vigilant monitoring of the domestic and international economic developments and the end of the monetary tightening cycle initiated since March 2022 at most of global central banks, the Board of Directors of the Central Bank of Kuwait (CBK) decided to cut the discount rate by 25 Basis Points from 4.25% to 4.00% effective 19-09-2024.
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Fitch Ratings Affirms State of Kuwait Sovereign Credit Rating at (AA-); Outlook Stable
Fitch Ratings Affirms State of Kuwait Sovereign Credit Rating at (AA-); Outlook Stable
MoreCBK Launches "Kuwait Overnight Interest Average" (KONIA)
Continuing its significant strides made to consolidate financial stability and introduce financial benchmarks for the local market seen as a reliable reference as per the best international standards, and contributes to enhancing transparency and efficiency of financial transactions in the State of Kuwait, the Central Bank of Kuwait (CBK) announced the launch of "Kuwait Overnight Interest Average" (KONIA).
MoreLaunching FinTech MBA Internal Scholarship Program for Kuwaitis in Cooperation with Gulf University
In light of CBK’s strategy to develop qualified national cadres in the financial and banking sector, and in response to the changes taking place in this field, the Kuwait Institute of Banking Studies (KIBS) announces the launch of FinTech MBA internal scholarship program for Kuwaitis, in cooperation with Kuwaiti banks and Gulf University for Science and Technology.
MoreCBK Launches "Initiative Accelerator Program" at Innovation Hub "Wolooj"
The "Initiative Accelerator Program" at the Central Bank of Kuwait's Innovation Hub "Wolooj" is a dynamic initiative aimed at supporting aspiring Kuwaiti individuals with innovative ideas that benefit the banking and financial sector. The program is designed to foster creativity, innovation, and entrepreneurship within the local ecosystem by providing participants with the necessary support, resources, and mentorship to turn their ideas into successful ventures on pre-defined themes.
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Standard & Poor's Affirms State of Kuwait Ratings at 'A+'; Outlook Stable
Standard & Poor's Global Ratings: State of Kuwait ratings affirmed at 'A+'; outlook stable.
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