Bahrain receives first installment of Gulf aid, expects deficits to fall

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Reuters
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1557355839615220600
Thu, 2019-05-09 02:17

DUBAI: Bahrain said it received $2.3 billion last year and is expecting another $2.28 billion in 2019 under an agreement with its Gulf allies to bail it out of a deficit, the government said on Thursday.
Saudi Arabia, Kuwait and the United Arab Emirates agreed last year to give Bahrain $10 billion to support the country’s funding requirements as it embarks on a fiscal program aimed at eliminating its budget deficit by 2022.

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