The UAE, Saudi Arabia and Kuwait are set to announce a programme designed to support economic reforms and fiscal stability in Bahrain.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…112 Views | the publication reaches you by | Bahrain News
Their pledge comes as the Bahraini dinar fell for a fourth day in the onshore market to its weakest level since 1988, while the cost of insuring its debt against default for five years jumped 170 basis points – the most since records began in 2008 – to 609.
The International Monetary Fund expects the island kingdom’s debt to exceed 100 percent of economic output in 2019.
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