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Kuwait C. bank sets up KWD 10m fund to combat coronavirus

Kuwait C. bank sets up KWD 10m fund to combat coronavirus
The fund is currently at the cabinet’s disposal

Mubasher: The Central Bank of Kuwait (CBK) has established a KWD 10 million ($32.8 million) fund financed by Kuwaiti banks to promote the government’s efforts against the spread of the China coronavirus (COVID-19).   

The initiative is part of the banking sector’s efforts to fulfil its national responsibility while bolstering the private sector's social role, the CBK governor, Mohammad Al Hashel, said in a press release on Sunday.    

Moreover, it adds to previous CBK-led efforts aimed to undertake all necessary precautionary directives to protect the public.         

The fund is currently at the cabinet’s immediate disposal, he noted.