Within the government leaders preparation program “leaders”, which is organized by the Institute of Public Administration (BIPA), and emanating from the belief of the Institute on the importance of making participants aware about the greater challenges facing officials, the Governor of Central Bank of Bahrain (CBB) Rasheed Mohammed Al-Ma’raj met with the program’s 9th batch, in a dialogue session entitled “skills of creating effective government policies”, where he debated the role of CBB in the government monetary and economic system and in achieving the economic and financial goals of the Kingdom of Bahrain, pointing out that the top responsibility of the CBB is developing and implementing monetary policy and control standards that are compatible with the global system, so as to create an environment of attraction for investments appropriate to achieve the general economic objectives of the Kingdom of Bahrain.
Mr. Al-Ma’raj stated that despite the risk and volatility experienced by the finance sector in the region, the Kingdom of Bahrain was able to build a reputation contributed in providing encouraging environment to attract many investments, as a result of the policies implemented by the bank, which proved to be successful in achieving financial stability in the Kingdom of Bahrain.
Mr. Al-Ma’raj talked about the policies undertaken by the CBB to ensure developing, enhancing and controlling the financial and banking sector in the Kingdom, pointing out to the policies adopted by the bank and have proven successful in achieving economic stability for Bahrain, the session also addressed the policies shouldered by the bank in developing Bahraini competencies in the areas of finance and banking which has achieved tangible positive results over the past years.
In this context, the Director of Leadership Development at BIPA Khalid Al-Eid stated that holding such dialogue session comes within the strategy of the Institute's leadership programs to take advantage of national expertise in the field of public administration, and in particular for transferring high worthy expertise of senior figures in the Kingdom to middle-class leaders in government work. The experience has shown, during the past four years, that this practice had a high acceptance from the participants in the leadership programs, and an excellent impact in conveying knowledge in the programs offered by the institute.
For their part, the government leaders participating in the session praised the “leaders” program for including both practical and theoretical parts, and confirmed that they have benefited to a great extent from the practical side, especially from their meeting with the Governor of the CBB; as an experienced figure in economy and finance in the Kingdom of Bahrain, especially the issue on how Mr. Al-Ma'raj faces the challenges and crises encountering his establishment, which is an institution that has been operating for more than five decades crowned with success in a world dominated by severe economic and financial changes and fluctuations, which contributed in making Bahrain a financial and economic center pointed at with fingers in the Gulf region and the Middle East.