Bahrain says austerity plans in line with IMF – Peninsula On
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Finance Minister Sheikh Ahmed bin Mohammed Al Khalifa
DUBAI: Bahrain plans austerity steps to cut its budget deficit in line with IMF recommendations, its finance minister said on Saturday in comments that could help the island kingdom sell its bonds when it returns to international markets later this year.
Bahrain is one of several Gulf Arab oil states using the IMF’s assistance to plan economic reforms as low crude prices put heavy pressure on state finances. The IMF Read more [...]