Manama, October 18 (BNA) The Minister of Finance and National Economy, Sheikh Salman bin Khalifa Al Khalifa, participated today in the ministerial meeting of the World Bank Group, which was held on the sidelines of the annual meetings of the World Bank’s boards of directors. Governors of the World Bank Group and the International Monetary Fund.
Malpass, President of the World Bank Group, Arab finance ministers and central bank governors, the virtual meeting discussed the latest developments related to the repercussions of the novel coronavirus (COVID-19) pandemic and its impact on the economies of Arab countries.
The Minister of Finance stressed, in his speech before the virtual meeting, that the challenges posed by the epidemic proved the importance of investing in the human element to be the main focus of development strategies and plans as it is a basic pillar and the key to success that will benefit everyone. .
In this regard, the Minister indicated that in line with the directives of His Majesty King Hamad bin Isa Al Khalifa, the Kingdom has launched many initiatives in this field, especially those related to empowering youth and enhancing their effective contribution to development paths. For a number of programs that increased women’s contribution and progress in various fields.
Sheikh Salman bin Khalifa stressed that the Kingdom attaches great importance to supporting and developing skills and training for individuals, which makes the Bahraini workforce more diverse and involved in the labor market, adding that Bahraini human resources have become one of the elements that attract investment thanks to their spirit, capabilities and innovative skills that qualify them to succeed in various fields of work. .
The minister pointed out that the results that showed the beginning of economic recovery came as a result of the success of national efforts in addressing the epidemic, noting that combating the virus and the stage of recovery requires intensifying international cooperation to ensure support for countries in overcoming the epidemic. effects of the epidemic.
The Minister of Finance praised the critical role played by the World Bank Group, and the results it achieved in mitigating the economic and social repercussions caused by the emerging Corona virus (Covid-19) on the countries of the world.
The Minister of Finance and National Economy also participated in the annual meeting held by the International Monetary Fund remotely, in the presence of the Director General of the International Monetary Fund, Kristalina Georgieva, and with the participation of finance ministers, central bank governors and regional finance chiefs. Institutions of the Middle East, North Africa, Afghanistan and Pakistan (MENAP).
NS