KUNA : Kuwait’s Finance Minister affirms keenness of finding sustainable financial solutions – Economics – 21/03/2022 – Kuwait News Agency

KUNA : Kuwait’s Finance Minister affirms keenness of finding sustainable financial solutions – Economics – 21/03/2022 – Kuwait News Agency

KUWAIT, March 21 (KUNA) -- Minister of Finance Abdulwahab Al-Rushaid affirmed Monday the government's keenness on finding sustainable solutions to continuously finance real estate loans, indicating that such solutions require cooperation between the executive and legislative authorities. This came in the Minister's statement upon inaugurating new Kuwait Credit Bank headquarters, adding that technical solutions require careful deliberation against backdrop of fluctuation of oil prices and increase of residential demands. As for the retiree financial grant, the minister called on citizens to not worry as a solution exists where retirees are granted what they desire and justice is achieved. During his speech, Minister Al-Rushaid, labelled KCB an essential pillar to the foundation of modern Kuwait, as the bank's purpose is intertwined with citizens' lives. He also highlighted the bank's contribution towards supporting issues of women and people with special needs. The minister of finance spoke of the challenges the bank is facing, saying that the circumstances during which the bank was built completely differ from current circumstances of exponential population growth and architectural expansion. He added that the bank is adopting new practical and administrative mechanisms to be able to overcome such challenges. On his part, KCB's chief of board of