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13/04/2025 09:57 AST
The Central Bank of Bahrain (CBB) hosted a delegation of participants from the fifth International Diplomats Programme "Diyafa".
The initiative is organised by the Mohamed bin Mubarak Al Khalifa Academy (MBMA) for Diplomatic Studies under the Ministry of Foreign Affairs.
Yousef Rashid Al Fadhel, Executive Director of Corporate Services at CBB, highlighted the importance of these initiatives in enhancing communication and the exchange of expertise between Bahrain and other nations.
Mohammed Al Sadiq, Head of Financial Stability at CBB, presented an overview of the institution's mandate and its commitment to maintaining regulatory oversight in the sector. He also outlined the key objectives of the Financial Services Sector Development Strategy 2022 - 2026. Following his session, Sarah Ehsan Faraj, Director of the Currency Issue Directorate, delivered a presentation on the issuance of the commemorative silver coin minted on the occasion of the Silver Jubilee of His Majesty King Hamad bin Isa Al Khalifa, marking 25 years of His Majesty's reign. The visit concluded with a tour of the Currency Museum housed within the CBB's premises.
Al Fadhel emphasised that, as part of their commitment to national initiatives, they were pleased to offer delegates a detailed overview of the Central Bank of Bahrain's key role in supporting the Kingdom's financial sector. He also commended the initiative for encouraging the exchange of ideas and strengthening ties with diplomats from diverse backgrounds as they explored Bahrain's history and cultural heritage.
Launched in 2019, "Dhiyafa" was the recipient of the inaugural Government Innovation Competition (Fikra) award in 2018. Since then, it has welcomed 91 officials from 47 nations. Designed as a comprehensive experience that combines academic learning with practical engagement, the programme seeks to enhance bilateral relations between Bahrain and the participating countries by showcasing the Kingdom's progress across diverse domains.
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