- Kuwait’s progressive mechanisms and institutional frameworks help the event of public finance, together with the Capital Markets Authority, the Sovereign Wealth Fund.
- Kuwait performs important position in shaping the Islamic monetary requirements by means of the Accounting and Auditing Group for Islamic Monetary Establishments.
The UN Impartial Skilled on Exterior Debt and Human Rights, Atia Waris, counseled Kuwait’s management in creating its monetary system and sustaining a complete social help framework unbiased of taxation, describing the nation as “on the forefront of countries advancing monetary reform whereas upholding human rights rules.”
Talking at a press convention on the United Nations headquarters in Kuwait on Wednesday, Waris highlighted Kuwait’s early dedication to common human rights since its independence, noting that the institution of the Kuwait Fund for Arab Financial Growth in 1961—the world’s oldest growth fund—mirrored an distinctive dedication to worldwide cooperation and help as a state obligation, studies Al-Rai every day.
Waris lauded Kuwait’s progressive mechanisms and institutional frameworks that help the event of public finance, together with the Capital Markets Authority, the Sovereign Wealth Fund, and Kuwait’s position in shaping Islamic monetary requirements by means of the Accounting and Auditing Group for Islamic Monetary Establishments (AAOIFI). These efforts, she mentioned, display Kuwait’s capacity to quickly align with world regulatory requirements.
She additionally praised Kuwait’s nationwide growth plan for aligning with the UN 2030 Agenda, citing initiatives to diversify the financial system, strengthen non-oil sectors, and improve residents’ residing requirements whereas preserving Kuwaiti cultural id.
Waris additional applauded Kuwait’s utility of human rights rules inside its monetary governance, emphasizing values comparable to accountability, transparency, effectivity, equity, and justice. She famous the Zakat Home’s pivotal position in linking religious values with institutional mechanisms to fight poverty, bolster social solidarity, and contribute to worldwide human rights objectives.
The UN skilled inspired Kuwaiti authorities to proceed strengthening monetary transparency and anti-money laundering frameworks, in addition to to reinforce cross-border cooperation in addressing illicit monetary flows.
Waris will current her full report on Kuwait’s progress to the UN Human Rights Council at its 61st session in March 2026.
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