Kuwait's central bank urged a better political climate and measures to weather the global crisis after warnings by some agencies of a downgrading of the country's sovereign rating, the state news agency reported.
Moody's Investors Service said in March it may cut Kuwait's sovereign rating due to a protracted political crisis which is threatening the country's ability to cope with the financial downturn.
"Such an event as a drop in rating alerts us to the urgent need to sustain a political atmosphere that best prepares us to counter the economic challenges," Shaikh Salem Abdul Aziz Al Sabah, governor of the bank, said. "We ourselves have to reach a national consensus on economic issues ... and take steps and measures to overcome the economic slump."
No comments:
Post a Comment