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FAQs(https://www.mofne.gov.bh/en/faqs)
Contact Us(https://www.mofne.gov.bh/en/contact-us)
العربية(https://www.mofne.gov.bh/regional-international-organizations)
Regional & International Organizations
About the Ministry
International Relations
Regional & International Organizations
In its endeavor to promote shared prosperity, the Kingdom of Bahrain strives to build financial, economic, and developmental relations with regional and international partners.
To achieve this vision, the Kingdom of Bahrain has joined several international organizations that include the Gulf Cooperation Council (GCC), Economic and Social Council of the Arab League, Islamic Development Bank, Arab Financial Institutions, World Bank Group, International Monetary Fund, and Asian Infrastructure Investment Bank.
With the aim of achieving sustainable shared prosperity and maximizing Bahrain’s benefits from these international organizations, the Ministry of Finance and National Economy represents the Kingdom of Bahrain in the afro mentioned organizations in cooperation with the relevant local entities.
Gulf Cooperation Council (GCC)
Economic & Development Affairs Authority
The GCC Economic & Development Affairs Authority was established in 2016, to review and discuss related economic and development issues, and economic unity of the GCC.
Financial and Economic Cooperation Committee
The Financial and Economic Cooperation Committee is a Ministerial Committee of GCC Finance Ministers. The Committee usually meets twice a year to discuss issues related to strengthening financial and economic cooperation among the GCC members states. The Committee regularly reviews recommendations submitted by the GCC Customs Union Authority and the GCC Common Market Committee.
For further information(https://www.gcc-sg.org/en/Pages/default.aspx)
GCC Common Market
The GCC Common Market was launched in 2008 to provide GCC Nationals with equal economic opportunities in the following sectors:
Movement and residence.
Working in Public and Private Sectors.
Social welfare and pension.
Engagement in all professions.
Engagement in economic, investment, and service activities.
Real Estate ownership.
Movement of Capital.
Tax treatment.
Establishment of corporations and Stock ownership.
Education, health, and social activities without prejudice or discrimination, and if there were any suggestions or complaints by any citizen, he or she may use the GCC Common Market portal (GCC Takamul) at: gcctakamul.gcc-sg.org(https://gcctakamul.gcc-sg.org/)
Economic and Social Council of the Arab League
Economic and Social Council of the Arab League
The Economic and Social Council is an institution of the Arab League that is concerned with economic and social affairs for joint Arab action. The council is responsible for the formulation of the general policy for the Arab economic cooperation and the development of joint strategies in this area.
For further information(http://www.lasportal.org/ar/councils/economicalsocialcouncil/Pages/EconomicMinistrialCouncil.aspx)
Islamic Development Bank (IsDB)
Islamic Development Bank (IsDB)
The Islamic Development Bank is a multilateral development bank that is focused on Islamic finance for infrastructure development in the Islamic countries. There are 57 member states and the Bank’s headquarters is located in Jeddah, Saudi Arabia.
For further information(https://www.isdb.org/)
The IsDB Group:
Islamic Development Bank (IsDB)
Islamic Cooperation for the Development of the Private Sector (ICD)
Islamic Cooperation for the Insurance of Investment and Export Credit (ICIEC)
International Islamic Trade Finance Corporation (ITFC)
Institute for Islamic Economics and Finance (IsDBI)
Arab Financial Institutions
Arab Fund for Economic and Social Development
The Arab Fund for Economic and Social Development is an Arab regional financial institution focused on funding economic and social development in Arab countries by financing public and private investment projects and providing grants and expertise.