Bahrain upbeat on economic recovery and sustaining growth | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bahrain upbeat on economic recovery and sustaining growth | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bahrain is implementing a five-year strategy from next year to develop the financial services sector as part of the Kingdom’s economic recovery plan and to sustain growth. The announcement of the 2022-2026 initiatives was made by Central Bank of Bahrain (CBB) Governor Rasheed Mohammed Al Maraj during a press conference held yesterday. Also present were Economic Development Board (EDB) Chief Executive Khalid Ibrahim Humaidan, Bahrain Bourse CEO Shaikh Khalifa bin Ibrahim Al Khalifa and Bahrain Institute for Banking and Financial Studies (BIBF) Director-General Dr Ahmed Abdul Hamid Al Shaikh. The strategy is based on many programmes in various fields within five main priorities, which are: creating job opportunities and developing legislation and policies, the financial market sector, financial services and financial technology, and the insurance sector. Al Maraj stressed the importance of the strategy to develop the financial services being one of the government priority economic sectors, particularly developing “promising sectors”. It comes in fulfilment of the visions of His Majesty King Hamad bin Isa Al Khalifa and the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, to develop the national economy, create more qualitative opportunities for citizens, increase the Kingdom’s