Kuwait’s government has signed an agreement to support ongoing fiscal reforms in Bahrain

The agreement formalizes Kuwait’s part in a $10 billion budgetary guide bundle reported by Kuwait, the UAE and Saudi Arabia a year ago.

Minister of Finance Dr. Nayef Al-Hajraf with Members of Bahrain’s Ministry of Finance, (KFAED), and the Arab Monetary Fund.

Kuwait’s legislature has consented to an arrangement to help fiscal reforms in Bahrain, the Ministry of Finance reported on Tuesday.

A year ago, Kuwait – alongside the UAE and Saudi Arabia – declared a $10 billion money related guide bundle to Bahrain to keep the nation from falling into an obligation emergency.

A report in the state-run Kuwait News Agency (KUNA) said the Bahraini and Kuwaiti money serve, notwithstanding the Arab Monetary Fund and the Kuwait Fund for Arab Economic Development, marked a “multi-party collaboration system”.

The system, KUNA included, “formalizes a recently concurred bundle for supporting the monetary changes and money related soundness of the Kingdom of Bahrain.”

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