ESCWA Publication: E/ESCWA/CL3.SEP/2021/TP.22
Country: State of Kuwait
Publication Type: Information material
Publication Subject: Arab Society: A Compendium of Social Statistics
Cluster: Shared Economic Prosperity
Focus Area: Trade & regional connectivity
Initiatives: Transport and trade connectivity
SDGs: Goal 17: Partnerships for the Goals
Keywords: Economic integration, International trade, Macroeconomics, Export development
Trade finance in Kuwait: A springboard for successful diversification
June 2022
Trade finance remains unable to fully serve the interests of Kuwait in its global and regional integration through non-oil export growth. The COVID-19 pandemic undoubtedly represents an unprecedented upheaval in the global economy and global trade. Yet, it can also be considered an opportunity for Kuwait to achieve the diversification outcomes desired and expressed in its national vision. Facilitating non-hydrocarbon fuel-based trade is a strategic priority, and supporting this trend can not only help achieve the diversification outcomes desired but can also lead to the revitalization of the support of Kuwait’s banks and other financial institutions to international commerce and trade. Providing the private sector with suitable trade finance to increase its engagement in global trade can bear good fruit in the diversification process and contribute to achieving the main objective of the Kuwait Vision 2035.
Related content
Trade & regional connectivity
,
Trade finance remains unable to fully serve the interests of Kuwait in its global and regional integration through non-oil export growth. The COVID-19 pandemic undoubtedly represents an unprecedented upheaval in the global economy and global trade. Yet, it can also be considered an opportunity for Kuwait to achieve the diversification outcomes desired and expressed in its national vision. Facilitating non-hydrocarbon fuel-based trade is a strategic priority, and supporting this trend can not only help achieve the diversification outcomes desired but can also lead to the revitalization of the support of Kuwait’s banks and other financial institutions to international commerce and trade. Providing the private sector with suitable trade finance to increase its engagement in global trade can bear good fruit in the diversification process and contribute to achieving the main objective of the Kuwait Vision 2035.
