MANAMA: The consequences of the coronavirus pandemic on the economies of the Arab countries were discussed during a virtual meeting of World Bank Group president David R Malpass with the Arab ministers of finance and central bank governors.
Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa delivered the main speech, on behalf of the Council of Arab Finance Ministers, in which he hailed the World Bank’s support to the efforts being taken in combating the virus.
He praised the international efforts to curtail the spread of the virus and overcome its repercussions on the economic sector.
Shaikh Salman pointed out the need to continue supporting the efforts of the Arab countries and organisations to restore the pace of their economic growth by mapping out appropriate policies and strategies.
He voiced the aspiration of the Council of Arab Finance Ministers to continue funding Infrastructure projects in developing countries and boosting the private sector’s participation in this regard.
The attendees praised World Bank’s initiatives to handle the repercussions of the pandemic and reinvigorate the global economy. They also underlined the need to continue supporting all initiatives to provide concessional financing to countries eligible for borrowing and developing countries exposed to debt.
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