Sheikh Salem AbdulAziz Al-Sabah: How Kuwait faced up to the crisis
Sheikh Salem AbdulAziz Al-Sabah, governor of the Central Bank of Kuwait, talks to Euromoney about the measures taken to ensure the stability of the banking system and economy in the face of the global financial crisis and slowdown.
Do you think we are past the worst of the financial and economic crisis?
Although Kuwait and Gulf economies in general were not at the centre of the shock, the experiences of the crisis have been broadly similar. Indications are that while policies undertaken have enabled us to stabilize the financial sector, the deeper impact on economic activities is very much with us.