HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani met with World Bank vice-president (Middle East and North Africa) Hafez Ghanem in Washington, DC, on Wednesday. The meeting was attended by HE Faisal bin Qassem al-Thani, chairman, Qatari Businessmen Association; Abdul Aziz al-Khalifa, CEO, Qatar Development Bank; Rashid al-Mansouri, CEO, Qatar Stock Exchange; and representatives of major Qatari financial institutions and some prominent Qatari businessmen. During the meeting, they discussed prospects for joint co-operation in economic, trade and investment fields and means of developing them.
The investment incentives and economic diversification strategy adopted by Qatar to achieve Qatar National Vision 2030 were discussed. The World Bank presented its activities in relation to agriculture, industry and services among other sectors. The two sides agreed to continue efforts and co-ordinate jointly to achieve common economic goals. The World Bank organised a seminar for the Qatari delegation at its headquarters in Washington, DC. World Bank representatives made a presentation on the bank’s history, its international development projects, services to governments and the private sector, and discussed the most important areas of cooperation with various entities in Qatar.
Several issues of interest to the Qatari private sector were also discussed in order to help it benefit from the World Bank’s services in terms of both domestic and foreign investment. The bank’s representatives reviewed a number of reports and indicators aimed at evaluating Qatar’s economic performance. The presentation included a comprehensive analysis of the various development indicators in Qatar, as well as highlighting proposals to strengthen the position of the Qatari economy in the region and the world. A World Bank representative reviewed the co-operation between Qatar and the World Bank and explained that Qatar plays an important role in the implementation of WB-led development programmes in developing countries. He said Qatar has provided assistance to some countries in co-operation with the World Bank, including the recent agreement to provide assistance to Lebanon.