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Eco summit important, aspirations hinge on outcomes -- KBA official

KUWAIT, Jan 17 (KUNA) -- Secretary of Kuwait Banking Association Yousef Al-Jassem said the Arab Economic Summit was an important event and great aspirations hinge on its outcomes.
Speaking to KUNA on the sidelines of the Arab Economic Summit's "Private Sector and Civil Society Forum," he said the summit was discussing issues pertaining to the daily lives of Arabs given the developments that had imposed themselves on the arena, including the Israeli aggression on Gaza Strip.
He said the joint meeting of finance ministers, governors of central banks and head of monetary authorities had placed a clear methodology that would assist Arab states in overcoming the repercussions of the global economic crisis.
He noted that one of the main goals of the summit would be to achieve sustainable development for Arabs, including food and water security, combating poverty, establishing an open economy and attracting investments. (end) kt KUNA 171712 Jan 09NNNN