Manama: The Shura Council's Financial and Economic Affairs Committee, led by Deputy Chairman Redha Abdullah Faraj, convened with the International Monetary Fund (IMF) Article IV Consultation Mission, headed by John Bluedorn, Deputy Division Chief at the Middle East and Central Asia Regional Office for Analysis and Policy. This meeting was part of the IMF mission's annual visit to the Kingdom of Bahrain.
According to Bahrain News Agency, the committee examined the cooperation between legislative and executive authorities to bolster financial and economic sustainability, update legislation, and encourage economic diversification and investment. The discussions highlighted Bahrain's dedication to transparent collaboration with international institutions, guided by the leadership of His Majesty King Hamad bin Isa Al Khalifa and His Royal Highness Prince Salman bin Hamad Al Khalifa, to enhance financial stability and strengthen the Kingdom's global economic position.
The meeting addressed economic risks, potential policy responses, and international best practices aimed at increasing competitiveness, aligning with global legislative standards, and maintaining citizen support while fostering growth. It also emphasized that Article IV consultations are annual engagements between the IMF and member countries to evaluate economic progress and policies.