Gulf Allies Said To Weigh 10bn Aid Package For Bahrain

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Gulf Allies Said To Weigh 10bn Aid Package For Bahrain

Gulf Allies Said To Weigh 10bn Aid Package For Bahrain

Gulf allies said to weigh $10bn aid package for bahrain the assistance would help bahrain meet its financing needs over the period while it carries out fiscal reforms. bahrain’s gulf arab allies are weighing plans for a five year aid package to steady its finances and protect a currency peg seen as vital to regional economic stability. Bahrain, the smallest among economies of the six gulf cooperation council members, is vulnerable despite a $10bn bailout package secured from its regional allies in 2018. Bahrain, whose sovereign bonds have been rated junk by major credit rating agencies, in 2018 received a $10bn aid package over five years from saudi arabia, kuwait and the united arab emirates to. Bahrain’s gulf arab allies are weighing plans for a five year aid package to steady its finances and protect a currency peg seen as vital to regional economic stability, according to three. Gulf allies set to sign $10bn aid deal for bahrain. a gulf official said, declining to be named as the information isn’t public. for jordan, where protests against planned tax hikes brought down the government earlier this year, the aid will include a $1 billion deposit in the central bank. the aid is part of a $2.5 billion package.

Bahrain Asks Gulf Allies For Aid To Stave Off Crisis

Bahrain Asks Gulf Allies For Aid To Stave Off Crisis

Bahrain has received a $10bn financial aid package from its gulf allies as the kingdom seeks to deal with a worsening fiscal crisis saudi arabia, the united arab emirates and kuwait agreed the. Bahrain’s gulf arab allies are weighing plans for a five year aid package to steady its finances and protect a currency peg seen as vital to regional economic stability, according to three people with knowledge of the matter. bonds gained. the assistance would help bahrain meet its financing needs over the period while it carries out […]. Bahrain will receive up to $2bn from its gulf neighbours before the end of the year as the first installment of an aid package, and some funds have already arrived in state coffers, officials said. Progress in bahrain aid talks with gulf allies officials are discussing a multi year programme that would involve spending cuts and measures to increase non oil revenue published: august 10, 2018. Arabian gulf allies have provided bahrain a "lifeline" to stabilise its economy and prevent a potential credit crunch with a $10 billion aid package but it needs to deliver on fiscal reform.

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