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Abu Dhabi, UAEThursday 13 December 2018

Bahrain's GCC allies reaffirm commitment to help the country's economy 

Finance ministers from Saudi Arabia, the UAE and Kuwait met their counterpart in Manama to discuss the fiscal stability programme

The GCC allies of Bahrain have reaffirmed their pledge to support the country's economy.  Reuters  
The GCC allies of Bahrain have reaffirmed their pledge to support the country's economy.  Reuters  

Finance ministers from Saudi Arabia, the UAE and Kuwait reviewed the fiscal balance programme for Bahrain and are ready to support the financing needs of Arabian Gulf’s smallest economy.

“In light of their previous announcement to consider all options to support Bahrain and to finalise an integrated programme to enhance Bahrain’s fiscal stability and economic growth, the ministers reaffirmed their countries’ commitment to support the financing needs of a fiscal balance programme with targeted indicators,” an official joint statement from Saudi Arabia’s Ministry of Information said.

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The finance ministers met their Bahraini counterpart in the Manama on Wednesday to discuss a technical report, which includes a detailed fiscal balance programme, prepared by the four countries’ joint working team in coordination with the Arab Monetary Fund, the statement released early on Thursday said without giving details of the proposed plan.

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