Bahrain Promises to Repair Finances as Kingdom Awaits Gulf Aid
- Prime minister sets up committee to study reform plans
- Neighbors working with Bahrain on aid after credit risk surged
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Bahrain pledged to implement steps to repair its strained finances widely seen as crucial to help the kingdom receive support from Gulf Arab allies.
Prime Minister Khalifa Bin Salman Al Khalifa set up a committee to devise plans to balance the budget, the Bahrain News Agency reported on Thursday. The group, whose members include the finance minister and central bank chief, will present its plans to the premier, who will take a decision “at the earliest possible time.”