CP TO HEAD BAHRAIN DELEGATION WEF IN JORDAN
A BAHRAIN DELEGATION, LED BY CROWN PRINCE AND CHAIRMAN OF THE ECONOMIC DEVELOPMENT BOARD (EDB) SHAIKH SALMAN BIN HAMAD AL KHALIFA WILL ARRIVE IN JORDAN WILL ARRIVE IN JORDAN THIS WEEK FOR THE 2009 WORLD ECONOMIC FORUM (WEF) ON THE MIDDLE EAST.
THE EVENT, TAKING PLACE FROM 15-17 MAY, WILL BE A TIMELY GATHERING OF THE FOREMOST REGIONAL AND GLOBAL LEADERS THEMED IMPLICATIONS OF THE GLOBAL ECONOMIC CRISIS FOR THE MIDDLE EAST:
HOME-GROWN STRATEGIES FOR SUCCESS, IT COMES AS THE REGION LOOKS TO RESTORE ITS OWN GROWTH IN THE FACE OF THE CURRENT ECONOMIC CRISIS. THE BAHRAIN DELEGATION INCLUDES SENIOR FIGURES FROM THE GOVERNMENT OF BAHRAIN AND THE EDB WHO WILL PARTICIPATE IN SEVERAL HIGH PROFILE FORUMS.ON FRIDAY, MAY 15, THE CROWN PRINCE WILL TAKE PART IN A DISCUSSION TITLED ENHANCING GLOBAL, REGIONAL AND HUMAN SECURITY, TO DISCUSS THE IMPORTANT IMPROVEMENTS IN GLOBAL COOPERATION REQUIRED AS THE WORLD UNDERGOES A PROFOUND TRANSFORMATION AMID THE GLOBAL ECONOMIC CRISIS.
ON MAY 16, MINISTER OF FINANCE AND CHAIRMAN OF BAHRAIN MUMTALAKAT HOLDING COMPANY SHAIKH AHMED BIN MOHAMMED AL KHALIFA WILL TAKE PART IN A DISCUSSION TITLED THE RIGHT RESCUE PACKAGE FOR THE MIDDLE EAST TO IDENTIFY THE MEASURES COUNTRIES SHOULD INTRODUCE TO RENDER THEIR ECONOMIES MORE RESILIENT AND BETTER POSITIONED FOR GROWTH. EDB CHIEF EXECUTIVE SHAIKH MOHAMMED BIN ISA AL KHALIFA WILL PARTICIPATE IN THE GLOBAL DESIGN SERIES:
THE MIDDLE EAST G20 IMPERATIVE.HE WILL SPEAK ON THE RIGHTFUL PLACE IN THE MIDDLE EAST IN THE GLOBAL ECONOMIC STRUCTURE. SHAIKH MOHAMMED SAID:
THIS AND IMPORTANT EVENT FOR THE MIDDLE EAST AS WE LOOK AT HOW BEST TO DEAL WITH THE CURRENT GLOBAL CRISIS.THE DOWNTURN HAS HAD AN IMPACT ON OUR REGION AND ALTHOUGH THIS HAS BEEN FAR LESS SEVERE THAN ELSEWHERE IN THE WORLD, IT IS NO TIME FOR COMPLACENCY.
WE MUST WORK TOGETHER TO MANAGE THE IMPACT WITH THE WORLD CRISIS THERE IS ALSO THE OPPORTUNITY TO EMERGE STRONGER, WITH A RENEWED ABILITY TO PROVIDE A BETTER TOMORROW FOR OUR PEOPLE, HE ADDED.
BAHRAIN ITSELF IS BETTER PLACED THAN MANY OTHER NATIONS WORLDWIDE TO WEATHER THE CURRENT GLOBAL ECONOMIC DOWN TURN, HAVING TAKEN A NUMBER OF DOMESTIC MEASURES, DESIGNED TO STRENGTHEN THE LONG-TERM SUSTAINABILITY AND PROSPERITY OF THE KINGDOM.
THESE INCLUDE A PRUDENT FISCAL AND MONETARY APPROACH, A LONG TERM- STRATEGY OF ECONOMIC DIVERSIFICATION AND A TRIED AND TESTED REGULATORY FRAMEWORK WITH A COMMITMENT TO THE HIGHEST INTERNATIONAL STANDARDS.
