Coronavirus: Kuwait central bank announces stimulus package

An aerial view shows Kuwait City and the National Assembly Building, after the country entered virtual lockdown, as a preventive measure against coronavirus disease in Kuwait City. (Reuters)

Kuwait's central bank announced a stimulus package on Thursday to support vital sectors and small and medium enterprises (SMEs) amid the fallout from the coronavirus epidemic.

The Central Bank of Kuwait has reduced liquidity and capital adequacy requirements for banks and cut risk weighting for SMEs, it said in a statement.

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Last Update: 07:32 KSA 10:32 - GMT 07:32