Finance Minister: Bahrain committed to supporting economic diversification through policies that drive growth in promising sectors

Washington, Oct. 25 (BNA): Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, spoke at the Standard Chartered Investor Forum held as part of the annual meetings of the World Bank and IMF in Washington, USA. The forum was attended by Noor bint Ali Alkhulaif, Sustainable Development Minister, and Khalid Humaidan, Central Bank Governor.

The minister affirmed Bahrain’s commitment to economic diversification through policies and initiatives aimed at stimulating growth in promising sectors. This effort supports the comprehensive development process led by His Majesty King Hamad bin Isa Al Khalifa, and followed up by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister.

Shaikh Salman bin Khalifa highlighted Bahrain’s positive economic indicators and anticipated continued growth into next year. He also underscored the role of non-oil sectors in driving economic development and GDP growth, affirming Bahrain’s dedication to implementing strategies within the Economic Recovery Plan, focusing on digital transformation to enhance efficiency and competitiveness.

The officials reviewed key accomplishments under the Financial Balance Programme, highlighting the five priority areas central to the plan’s success.