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14 October 2013
Follows a series of IMF and World Bank meetings in Washington D.C.
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Bahrain EDB
foreign investment
The Bahrain Economic Development Board (Bahrain EDB) has embarked on “an intense period of work” as it seeks to bring international investment into the country’s financial market.
The announcement followed annual meetings of the International Monetary Fund and World Bank in Washington, D.C on October 11.
A Bahraini delegation, led by H.E. Sh. Ahmed bin Mohammed Al Khalifa, Minister of Finance, and attended by H.E. Rasheed Al Maraj, Governor, Central Bank of Bahrain, participated in the meetings.
Kamal bin Ahmed, minister of transportation and acting chief executive of the EDB, said: “The Gulf market is worth $1.5tn and is one of the world’s most important growth markets for financial services.
“As strong hydrocarbon revenues and economic diversification projects continue to drive expansion in the region, the demand for financial services is set to increase.