Bahraini PM urges economy-stimulating policies

His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has called for the need to adopt financial strategies and fiscal policies that stimulate the economy and enhance its growth, as well as ensure and protect financial and fiscal stability, especially amid the current global situation and the increasing number of regional and international economic threats.

He made the remarks as he received here today the Board of Directors of the Central Bank of Bahrain (CBB), led by its Chairman Mohammed Hussain Yateem.

HRH the Prime Minister voiced confidence in the ability of CBB board to continue adopting the appropriate polices that achieve financial stability and create a suitable atmosphere that boost investment in the financial and banking sector through a number of measures that stimulate the sector further and attract more foreign capitals into the kingdom.

HRH Premier asserted that the global economic changes require deeper understanding and more diligent work in order to deal with them appropriately so as to reduce their negative impacts on the national economy.

CBB Board Chairman extended sincere thanks and appreciation to HRH the Prime Minister for the tremendous efforts he is exerting for the sake of developing and enhancing the economy.

CBB Governor Rasheed Mohammed Al-Mirage renewed thanks to HRH Premier for the advanced banking and financial situation prevailing in the kingdom thanks to his sound policies.

He affirmed that thanks to HRH Premier's sound approach, the kingdom has become an international financial and banking hub thanks to economic openness and cooperation between local and foreign financial firms.