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Financial, banking institutions' key economic role stressed

October 22, 2020

Manama, Oct. 21 (BNA): Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa underlined the importance of the financial and banking institutions in pressing ahead with economic growth and supporting development and investment projects. He pointed out the quality opportunities they provide to citizens, stressing the great importance accorded by the Kingdom of Bahrain to the financial and banking sector as one of the main tributaries to the national economy.

The Minister of Finance and National Economy was speaking as he met remotely today with Board Chairman of BNP Paribas bank Jean Lemierre. The meeting was held on the sidelines of the annual meetings of the International Monetary Fund and the World Bank.

Discussions focused on the financial and economic repercussions of the coronavirus (COVID-19) pandemic and the efforts being exerted by the pioneering financial institutions to weather the impact of the pandemic and back economic reinvigoration.

Both sides underscored the need to continue boosting the status of the financial and economic institutions to achieve forecast goals and aspirations. They also underlined the importance of exerting massive efforts to create a competitive environment capable of attracting more investments to achieve financial sustainability.

The meeting also shed light on issues of common concern and the latest developments with regard to global economy.