Labor Minister Jamil bin Muhammad Ali Humaidan affirmed the international community’s confidence in the public policies of the Kingdom aimed at sustaining growth in the labor market and attracting more job-generating investments in various sectors.
The minister was commenting on the indicators recently revealed by the International Monetary Fund (IMF), in which the unemployment rate in Bahrain is expected to drop to 4.4% during 2023.
Humaidan pointed out that this report was issued by an independent and prestigious international body that relies on scientific approach in analyzing economic data and indicators. He noted that this was a factor that enhances the kingdom’s position as an investment destination and a distinguished incubator for business environments, due to its advanced legislation and laws, emerging economic sectors and promising opportunities within an economy that is growing at an accelerating pace.
The minister praised the cooperation between the IMF and Bahrain, and periodic meetings held by the fund with economic and labour authorities in the kingdom.
He explained that the indicators launched by leading international institutions specialized in the field of the labor market are based on the success of government programs in implementing plans to control unemployment rates within their safe limits, while relying on international standards in calculating unemployment rates transparently.
Humaidan stressed that the government will continue its efforts to enhance the business environment and implement many initiatives and programs that will enhance preference and give priority to citizens in the labor market.
He affirmed that all relevant authorities work to continue building on the achievements made in this regard to sustain the growth of employment rates in Bahrain.
SOURCE: BAHRAIN NEWS AGENCY
