MANAMA: Bahrain’s economy has been spared an “unprecedented crisis” thanks to the government’s stimulus package, revealed the Finance Minister yesterday.
But he urged that collective action was essential to build on what has been achieved so far, and speed up recovery.
Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa stressed Bahrain’s resolve to continue facing all circumstances and challenges to achieve sustainable development, in line with the visions and aspirations of His Majesty King Hamad.
The minister commended the dedicated efforts of Team Bahrain, including members of the executive and legislative branches, affiliates of public and private sector institutions, citizens and residents to achieve public interests.
He made the statements during a virtual meeting with Parliament Affairs Minister Ghanim Al Buainain and Central Bank of Bahrain Governor Rasheed Al Maraj.
Chairpersons of the financial and economic committees at the Shura Council and Parliament also took part in the remote meeting, which discussed latest financial and economic developments in the kingdom.
The Finance Minister asserted that the circumstances currently faced by the entire world require the kingdom to overcome them with the determination and solidarity of all.
He stressed the need to place national interests above everything else.
The minister also reviewed economic indicators and their impact on vital sectors, noting that some have recovered after implementation of the financial and economic stimulus package.
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