Bahrain's Gulf Allies Review Aid Program in Show of Support
- Saudi, Kuwaiti, U.A.E. finance ministers met in Bahrain
- Bahrain is struggling with rising public debt, low reserves
Photographer: Phil Weymouth/Bloomberg
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Bahrain’s Gulf Arab allies met to review a financial support program designed to help the country repair its finances and stave off a possible currency devaluation that could roil regional markets.
The finance ministers of Saudi Arabia, the United Arab Emirates and Kuwait met with their Bahraini counterpart on Wednesday in the island-kingdom. They said their countries were “committed to backing Bahrain’s fiscal stability” and economic growth, according to the official Bahrain News Agency.