Initiatives and Programs Help Bahrain’s Economy ‘Weather from the Covid Effect’ | THE DAILY TRIBUNE

TDT | manama

The Daily Tribune – www.newsofbahrain.com

Staff reporter

Under the patronage of Shura Council Chairman Ali Al Saleh, the “Economic Recovery Forum” was launched yesterday as an initiative to support the visions of His Majesty King Hamad bin Isa Al Khalifa, which were announced by the Cabinet chaired by His Royal Highness Prince Salman. bin Hamad Al Khalifa, Crown Prince and Prime Minister.

The forum is organized by the Shura Council and the Bahrain Banking and Finance Institute (BIBF), with the sponsorship of the National Bank of Bahrain (NBB) and wide participation of ministers and officials from the public and private sectors.

During his inaugural speech, the Chairman of the Shura Council asserted that continued fruitful cooperation between the legislative and executive branches has led to consensus building that has helped to promote the financial sector and reduce corruption. impact of the coronavirus pandemic on individuals and business enterprises.

The Chairman of the Shura Council hailed the results achieved and their role in improving the overall march for development led by HM the King with the close monitoring of HRH the Crown Prince and the Prime Minister.

He said the Kingdom was making progress towards its development goals, praising the royal speech at the opening of the fourth ordinary session of the fifth legislature of parliament. The Speaker of the Shura Council noted that the government had recently launched the Economic Recovery Plan which included initiatives and programs aimed at achieving knowledge and innovation-based economic growth and boosting the Kingdom’s competitiveness.

He added that the plan also aims to achieve financial viability, economic stability, sustainable growth and Bahrain’s Economic Vision 2030. The Speaker of the Shura Council described the Economic Recovery Forum as a feature of continued cooperation between the legislative and executive powers.

He thanked the members of the Financial and Economic Affairs Committee of the Shura Council, under the chairmanship of Khalid Hussain Al Masqati, and all the organizers of the forum for their efforts to ensure its success.

Royal Directive Speaking on the occasion, Central Bank Governor Rasheed Al Maraj thanked the leaders’ directive for the implementation of the economic recovery plan.

“The Kingdom has successfully mitigated the economic effects of the pandemic with precautionary measures. All sectors have been included in the plan, which shows positive results and a remarkable improvement in financial indicators.

He said one of the major challenges for the Kingdom’s economy in the coming days will be rising inflation caused by the Russian-Ukrainian war, which will have “some impact on the Kingdom’s market.”

“Sustained and successful cooperation between the legislative and executive branches has resulted in a consensus that has helped promote the financial sector and reduce the impact of the coronavirus pandemic on individuals and business enterprises.” – ALI AL SALEH, PRESIDENT OF THE SHURA COUNCIL

One of the ongoing round tables at the forum

About Ian Crawford

Check Also

TRE: Approval of TCFD recommendations and improvement of the structure of climate change initiatives

June 15, 2022 Company Name: TRE HOLDINGS CORPORATION Representing: Mitsuo Abe, President and Chief Operating …