‘Perfect storm of challenges’
NEW YORK, Aug 20, (KUNA): Governor of Central Bank of Kuwait Mohammad Al-Hashel was listed among the top 10 of Global Finance’s Central Banker Report Cards 2018. In a report published recently by Global Finance, Al- Hashel was rated (A) grade; first in Gulf region, fourth place among Middle East and North Africa bankers. “Central bankers are confronting a perfect storm of challenges, from unwinding quantitative easing to shielding economies from political upheavals,” said Global Finance publisher and editorial director Joseph Giarraputo.
“Our scorecards for this public finance leader’s show who is maintaining control and moving forward, and who is struggling against slippery political or economic changes,” Giarraputo quoted as saying. The annual report by Global Finance evaluates the performance of more than 85 key countries’ central bank governors. Grades are based on an (A) to (F) scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management. (A) represents an excellent performance down through (F) for outright failure. Meanwhile, Ambassador of the friendly Republic of China to Kuwait Wang Di praised the construction process and great achievements witnessed by the country under the leadership of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al- Sabah, while expressing admiration for Kuwait’s ability to have such remarkable accomplishments despite the harsh weather conditions, reports Al- Rai daily.
In an interview with the daily, Di lauded the determination of Kuwaitis to make their country a “shining pearl in the Gulf region.” He also expressed admiration for the Islamic customs and traditions during holidays and their role in strengthening family ties. He said there are about 20 million Muslims in China who are practicing these beautiful customs. He also talked about the most important activities and places that those in Kuwait can enjoy during summer and Eid holidays. He disclosed he was impressed with the cultural programs this summer, especially the activities and programs organized by the National Council for Culture, Arts and Letters (NCCAL) such as the exhibitions and festivals.