“Warba”: Active participation in the meetings of the International Monetary Fund and the World Bank

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Kuwait City, 19 Oct: A delegation from Warba Bank concluded its active participation in the annual meetings and events of the Boards of Governors of the International Monetary Fund and the World Bank Group for the year 2023, which were recently held in Marrakesh, Morocco, in the presence of a large number of central bank governors, ministers of finance and development, and senior financial policy officials from various countries.

During the conference, a series of meetings were held with global financial institutions, central bank governors from various countries, and participating dignitaries to strengthen relations, exchange visions and perceptions related to the global economy , its growth and development opportunities, and to emphasize the importance of cooperation and to make efforts to enhance this cooperation. The Warba Bank delegation was headed by Vice Chairman of the Board, Bader Khalid Al-Shalfan, with the participation of Board Member Mai Muhalhal Al-Mudhaf, Board Member Mohammad Hamid Al-Shalfan, and CEO Shaheen Hamad Al-Ghanem.

The delegation participated in lectures that discussed the most prominent and important financial and economic challenges that the global banking industry is currently witnessing, in addition to global and regional economic transformations and their impact on the banking sector, and discussed opportunities for exchanging experiences and ways of cooperation for financing and investment as they are the main engine for achieving sustainable growth, as well as the role of regulatory bodies in developing the work and activities of banking and financial institutions.

Warba’s participation in the annual meetings of the International Monetary Fund and the World Bank Group came from its commitment to consolidating its role in Islamic banking, and the necessity of its presence in global conferences, to discuss ways to enhance this field as part of its keenness to review and enhance the role of the Islamic finance industry and its products globally.

Warba is keen to be present in these annual meetings of the IMF due to its importance, as it is the most prominent economic and financial gathering that includes world banking leaders and prominent government officials, which addresses regional and international economic, financial and banking issues and developments, and discusses different topics in various sectors and markets.

The Warba Bank delegation met with many officials in various sectors, where ways of future cooperation between the bank and representatives of these parties were discussed. The delegation also participated in attending the reception organized by the Kuwait Banking Association in the presence of representatives of Kuwaiti banks and participants of the annual meetings of the International Monetary Fund and the Board of the World Bank Governors. Warba Bank is one of the banks that has achieved great successes in a short period, as it occupied a leading position in the field of Islamic digital banking services for individuals, and it is one of the largest local banks in the number of shareholders, and these are among the most prominent components that make the bank close to all members of society, in addition Warba Bank is considered among the 50 largest banks in the Middle East in terms of market value for the year 2023 – Forbes Middle East classification.

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