Dr. Al-Hashel said in a statement that establishing the special US$33 million fund to handle the coronavirus threat comes in line with social and national responsibilities to cope with the emergency health situation. He added that it was also a back-up to the government departments that have been handling the novel coronavirus (COVID19).
It is also in line with keenness of the banking sector in Kuwait to shoulder the national responsibility in this respect, boosting role of the private sector regarding such a social responsibility and as a follow-up on previous efforts spearheaded by the CBK to take all necessary precautions against the virus, he added. The fund has been placed at the disposal of the cabinet for disbursement on urgent and necessary needs, as warranted by multiple government precautions in facing the virus. The governor expressed gratitude to the banks for their rapid response with their contributions to the fund – in addition to the measures they have taken for the health of their clients and staff.