Kuwait central bank offers Master’s degree scholarships
The Central Bank of Kuwait Governor Dr Mohammad Al-Hashel said yesterday that the CBK would offer, for the third consecutive year, scholarships for Kuwaiti students to study abroad to get the Master’s degree. Dr Hashel, also Chairman of the Institute of Banking Studies (IBS), said in a statement that the initiative, conducted in cooperation with Kuwaiti banks, aims at enabling students obtain scholarships for high-level studies in finance, economics, auditing and business administration at top-notch universities abroad. The initiative is part of ongoing cooperation between the CBK and the Kuwaiti banks and in line with social responsibilities, shouldered by the national banks in various spheres such as generating national cadres capable of contributing to the national development process.
A special panel comprising the CBK, Kuwaiti traditional and Islamic banks, has been set up to prepare for this program, he said, noting that the IBS has already begun following up on its implementation; as well as supervising it. The IBS, established in 1970 by an Amiri Decree as the “Banking Studies Center,” was conferred the status of a Specialized Institute in 1982 by an amendment of the Amiri Decree. IBS functions under the CBK auspices. By virtue of the Amiri Decree, the IBS can offer education, training and English language programs and research to serve the developmental needs of the Kuwaiti banking and finance sector. Hashel added that application seekers can examine terms for qualification on a special website, explaining that graduates would not be compelled to serve in the CBK or the domestic banking sector. — KUNA