The working team (or the executive committee) formed by the Advisory Committee on global and local economic developments in its meeting, held under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah on Monday, will hold its first meeting next week.
Minister of State for Development Affairs Abdul-Wahab Al-Haroun told KUNA that the ten-member working team will be chaired by Deputy Prime Minister and Foreign Minister Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah.
It will also include as members ministers, government officials and representatives of private sector, the cabinet's economic committee and the economic committee of the Supreme Council for Planning.
He added that the working group will hold its first meeting next week to study all the issues raised at the meeting of the Advisory Committee, set priorities and form subcommittees.
"The subcommittees will focus not only on diagnosing and theoretical researches, but on finding practical and applicable solutions to the raised problems," he stressed.
The minister noted that HH the Amir directives have been reflected in his address to the Advisory committee.
"HH the Amir has voiced concerns over the future of coming generations, the structural imbalances in the state budget and the decline in crude oil prices in world markets and its impacts on the national economy," Al-Haroun said.(