Sunday, December 25, 2022 – 02:00
The Information and eGovernment Authority, the Ministry of Finance and National Economy and the Central Bank of Bahrain held a joint meeting in a building Al Barsha of the Authority in Muharraq Governorate, with the aim of examining and discussing ways to develop the financial sector’s contribution to Gross domestic product, in line with the economic recovery plan strategy and the financial services sector development strategy (2022-2026). ).
During the meeting, a number of topics on the meeting agenda were discussed, as the calculation mechanism was discussed Gross product according to internationally approved methods and standards, and the industrial classification applied in the process of calculating activities, which is the classification industry (revision), which enables comparisons to be made between international and national data, and to extract a set of guidelines for the development of National classifications and strengthening and developing national statistical systems.
After that, the axis of the approved and globally classified coverage of the financial sector was discussed in terms of the activities included in it This sector, and the best ways to enhance the contribution of the financial sector to the gross domestic product, and in this aspect A set of basic axes related to the quality and accuracy of the data and the updating of the required data were presented periodically, as was done Also discuss the comprehensiveness of the data.
During the meeting, Noura Al-Saadoun, Director of the Economic Statistics Department at the Information and e-Government Authority, expressed her deep thanks to the bank Central Bahrain for their initiative and continuous support in providing the authority with the required data. I also extended my sincere thanks and appreciation to The Ministry of Finance and National Economy for their continuous support in strengthening and continuity of coordination between government agencies, which have a role Significant in monitoring indicators of the national economy that supports decision makers and policy makers.
It is worth noting that the Information and e-Government Authority represented by the Department of Economic Statistics works continuously in partnership with various agencies Competent government agencies in order to harness all efforts and capabilities to provide reliable and supportive data and statistics for the national economy, Through the continuity of organizing coordination meetings with the authorities, and the relentless pursuit of adopting and employing modern and approved statistical techniques. Internationally, conducting surveys and issuing economic reports that reflect the contribution of various national sectors to the GDP Total.
The meeting was attended by Hala Hassan, Director of the Economic Indicators Department, from the Ministry of Finance and National Economy, and Ahmed Reda Sanad, Director of the Analysis and Information Department, and from the Information and e-Government Authority, Nora Khamis Al-Sadoun, Director of the Statistics Department Economic, Nour Abdullah Al-Saidi, Head of the National Accounts Department, Prasadarao Kantiti, National Accounts Expert, Ismail Abdulaziz, Statistics Specialist Senior Economist. The meeting was also attended by Mohammed Al Sadiq, Head of the Stability Department, from the Central Bank of Bahrain Al-Maly, Nihal Hamza, Head of the Statistical Research Department, Dana Al-Shihabi, Head of the Quality Department for Information Technology, and Zahra Rabih, an observer Economic research.