Shura Panel Backs Economy

Financial Committee praises recent economic directives under national leadership

The Financial and Economic Affairs Committee of the Shura Council, chaired by Khalid Hussain Al-Maskati, has commended the recent economic directives issued under the leadership of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister.

The committee said Bahrain continues to demonstrate a strong model of strategic governance that supports sustainable growth and strengthens economic resilience.

The committee noted that, under the leadership of His Majesty King Hamad bin Isa Al Khalifa and the Crown Prince and Prime Minister, Bahrain has adopted a proactive and forward-looking approach to economic management, focused on preparedness, stability, and effective response to challenges.

It welcomed the Cabinet’s decision to begin legal and constitutional procedures for a draft law requiring the payment of April salaries for Bahraini employees in private sector firms through the Unemployment Insurance Fund. The committee said the move supports private sector stability while protecting national employment and sustaining economic activity.

The committee also praised the Central Bank of Bahrain’s announcement of a BD 7 billion liquidity support package, which includes a loan deferral scheme. It described the measures as a comprehensive response aimed at strengthening financial stability and supporting the national economy.

It further highlighted the decision allowing individuals and businesses to defer loan and credit card payments, including installments and interest, for three months. The committee said this would help ease financial pressure, especially in light of the domestic loan portfolio estimated at BD 11.3 billion. It also noted that flexibility granted to financial institutions in loan classification would support risk management while maintaining stability