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CBK Governor reaffirms commitment to foster national cadres

Governor of the Central Bank of Kuwait (CBK) Basel A. Al-Haroon said Thursday the CBK will continue supporting the talented cadres to play an effective in backing the national economy.

The CBK and the Institute of Banking Studies (IBS), in cooperation with local banks, will continue to promote education and capacity building through IBS training programs, including the Kafa’a initiative, to back economic growth, he said.

Al-Haroon, also Board Chairman of the IBS, made the comments in a ceremony to honor the graduates of a virtual executive program of Harvard Business School.

The program, titled “Leading in a World Transformed,” aims to develop executive leaders in the Kuwaiti banks and is a part of Kafa’a, a CBK initiative sponsored by the Kuwaiti banks and organized and executed by IBS.

In his speech to the ceremony, Al-Haroon, congratulated the graduates, and called on them to continue learning to keep abreast with the accelerated developments in the banking and financial industry. On his part, IBS Director-General Prof. Yaqoub Al-Rifai appreciated the cooperation between the institute and Harvard Business School over the past thirteen years.

Both sides jointly developed diverse training programs, which contributed to the development and qualification of dozens of executives and middle management in the State of Kuwait and the region. Prof. Al-Rifai spoke highly of “the great support” provided to IBS by the CBK and Kuwaiti banks, according to a press release from the CBK.

A number of participants in the program also spoke about their rich experience in this program, the knowledge they obtained, and they expressed their gratitude and appreciation for the support of the CBK, IBS and their employers for investing in them.

Kafa’a initiative has eight programs, covering a range of specializations and targeting different areas. The initiative aims to build up the financial and banking institutions cadres in the State of Kuwait with a strong national workforce capable of leading the industry

Source: Kuwait News Agency

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