The Arab Monetary Fund (AMF), in cooperation with the Central Bank of Kuwait and the Kuwait Credit Information Network (Ci-Net), opened the 20th regular meeting of the Arab Committee on Credit Information in Kuwait City. The committee operates under the Arab Committee of Central Banks and Monetary Authorities’ Governors, with the AMF as its technical secretariat, and brings together credit-information directors at Arab central banks and licensed credit information companies, alongside regional and international institutions. In remarks at the opening, AMF Director General and Chairman Dr. Fahad M. Alturki pointed to a rapid transformation in the credit information industry driven by technological advances, artificial intelligence and evolving regulatory frameworks, and linked stronger credit information exchange to improved transparency and financial inclusion. He highlighted that adults’ access to financing through formal channels remains below 20% in most Arab countries, while lending to small and medium enterprises represents 8% to 22% of total credit. The meeting agenda covers digital financial literacy, artificial intelligence and cloud computing, data protection, legislative development, digital identity, and SME credit ratings, as well as emerging models such as “Buy Now, Pay Later” and the expanding use of credit information in real estate, insurance and telecommunications.

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