Al-Amin welcomes new financial relief measures

TDT | Manama

Email : editor@newsofbahrain.com

Khalid Al-Amin, Chairman of the Food Committee at the Bahrain Chamber of Commerce and Industry in its 30th session, praised the Central Bank of Bahrain's announcement regarding the launch of a loan deferral program and the provision of liquidity support, which implements the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. The initiative includes a set of measures aimed at supporting the Kingdom of Bahrain’s economy and financial sector.

Al-Amin affirmed that this step will help alleviate pressure on commercial enterprises and enhance the stability of the local market, thereby contributing to the sustainability of economic activity in the Kingdom.

He added that the directives of His Royal Highness the Crown Prince and Prime Minister reflect a comprehensive strategic vision for efficiently managing the national economy amid current challenges. This vision establishes a forward-looking approach based on strengthening financial sustainability and stimulating growth. He noted that these directives enhance the national economy's resilience, reinforce the foundations of financial stability, and strengthen Bahrain’s position as an attractive economic hub by improving supply chain efficiency and ensuring the smooth flow of goods—particularly essential commodities. This, in turn, supports market stability and enhances strategic stock levels.

Al-Amin further highlighted that creating a stable and competitive investment environment represents a fundamental pillar for attracting investments, supporting sustainable economic growth, and improving overall economic efficiency.

He emphasized that the directives of His Royal Highness establish an integrated economic approach reflecting a national vision based on coordination between fiscal and monetary policies and strengthening synergy among various economic components. This enhances the ability to respond effectively to challenges and boosts overall economic readiness. He noted that launching the loan deferral and liquidity support program is a practical translation of this vision. It uses a package of tools aimed at supporting financial stability, enhancing market liquidity, and enabling key sectors to sustain their operations, thereby supporting national economic growth trajectories.

Al-Amin stressed that the Central Bank of Bahrain’s response to the Bahrain Chamber’s requests, represented by the Food Committee, reflects a clear understanding of the priorities of the current economic phase. He expressed appreciation for the loan deferral and liquidity support program, viewing it as an integrated financing package designed to enhance the commercial sector's resilience in addressing operational challenges, particularly shipping pressures and rising insurance costs.

He concluded by affirming that these measures will ease financing constraints on traders and strengthen their ability to manage cash flows efficiently, thereby supporting the continuity of commercial activities and reinforcing local market stability.