PM calls for greater economic openness

Manama : His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has called for greater economic openness to the world, especially in light of the new trends among major countries towards establishing stronger partnerships with the countries of the region.

HRH Premier was speaking after receiving the Board of Directors of the Bahrain Association of Banks (BAB) led by Adnan Ahmed
Yussef.

The government has made consistent efforts to create favourable conditions for improving the performance of the banking sector in the Kingdom, with emphasis on risk management, the crucial element in overcoming crises, HRH the Prime Minister said.

The Prime Minister praised bankers who are doing their best to develop banking operations in the Kingdom, thanks to that the banking sector has gained regional and global acclaim, which, he said, is a source of pride.

Prince Khalifa praised the performance of the banking and financial sector and its pivotal role in supporting development efforts, thanks to its leadership, efforts and expertise.

The Premier highlighted the government’s continuous efforts to develop the financial and banking sector and putting in place a suitable atmosphere that allows it to continue its growth and contribute more effectively to the national economy.

HRH Prime Minister commended the efforts exerted by BAB to consolidate Bahrain’s reputation and status in the banking services sector regionally and internationally, praising its visions aimed at developing the banking sector in the Kingdom.

His Royal Highness praised the role played by the civil society organisations, including BAB, in supporting the government’s development efforts within the existing strategic partnership between them.

BAB credited the Premier with the progress witnessed by the banking sector in the Kingdom.

In this regard, BAB board chairman and members lauded Prime Minister’s role in enhancing banking work, and encouraging national competencies to hold leadership positions at national banking institutions, and those using Bahrain as the centre of their regional operations.

They lauded the PM’s  unwavering support to financial and banking institutions, which, they said, has contributed to strengthening their standing at the local and international levels.