Human development key to economic growth: Bahrain Finance Minister

Agencies | Dubai                                       

The Daily Tribune – www.newsofbahrain.com  

Investing in human resources is key to further development and spurring economic growth, said Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa.

He stressed the need to build productive economies and continue sustained development efforts towards achieving further development and growth in various fields.

The minister was addressing the Seventh Annual Forum of Public Finance in the Arab Countries, which is held in Dubai, the UAE.

UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini opened the forum, being held in cooperation with the Arab Monetary Fund and the International Monetary Fund.

Arab Monetary Fund Director General and Chairman of the Board of Directors Dr. Abdulrahman bin Abdullah al-Hamidi, IMF Director General Christina Georgieva, Arab finance ministers and central bank governors attended.

The Minister of Finance and National Economy extended his sincere thanks and gratitude to the UAE leadership, government and people for hosting and warm reception, extended thanks to the Arab Monetary Fund and the International Monetary Fund for their efforts to hold the Seventh Forum of Public Finance in the Arab Countries.

He said that the forum provides an opportunity to discuss ways to enhance financial sustainability and economic stability, adopt appropriate policies to enhance management of public debt, including the development and rationalization of government spending procedures to ensure efficient spending, strengthen public revenue policies, and bolster partnerships with the private sector, for the benefit and development of Arab countries.