Investcorp, the global provider and manager of alternative investment products, has signed up as a key sponsor for the 'Banks in Bahrain' reception to be held on September 24 in Washington.

The 'Banks in Bahrain' reception is being hosted by the Bahrain Association of Banks in conjunction with the annual meetings of the International Monetary Fund (IMF) and the World Bank.

The event will highlight the progress and development of Bahrain's banking sector to global financial and business leaders and policymakers, who are participating in the IMF/WB meetings.

"The outlook for economic growth in the region continues to be strong due to the long-term fundamentals, particularly its abundance of natural resources and its youthful population," Investcorp Gulf business president Mohammed Al Shroogi said.

"For nearly 30 years, Investcorp has been acting as a gateway between the Gulf and the European and North American markets and has a track record of consistent innovation and performance.

"We are proud to be part of this event, which will bring leading members of the global banking community together to explore the opportunities that Bahrain presents."

This reception focuses attention on Bahrain, and the wider GCC, highlighting the rapid development of the finance industry and its deepening connections to global capital markets.

The annual meetings of the IMF/WB provide a forum for international discussion and co-operation on issues related to economic development and outlook, as well as effective aid and poverty reduction.

The meetings are also a forum for policymakers to meet with civil society organisations and the private sector. It is expected to attract more than 13,000 participants from around the globe.-TradeArabia News Service