Bloomberg: IMF Expects Bahrainís GDP to Reach 107% Next Year
Bloomberg, the economic news website, said that measures taken by Bahrain were not enough to stabilize its debt-to-GDP, indicating that the International monetary Fund (IMF) expects that the debt will reach 109%.
Bahrain Selects Banks for Planned Intíl Bond Issue, Reuters
Bahrainís government has selected banks for a planned international bond issue, sources familiar with the matter said on Wednesday.
Bahrain Central Bank Governor Says More Austerity Inevitable in Country
Bahrainís central bank governor said on Tuesday that the countryís economic growth might accelerate because of the recovery of oil prices since mid-2017, but he warned that the government needed to be careful about its budget deficit.
2017: Bahrain on Brink of Currency Devaluation, Public Debt Ceiling to Reach 13 Bn Dinars
Bahrain raised the ceiling of public debt to an unprecedented level when it approved a law to raise the borrowing limit to 13 billion dinars, which constitutes more than 80% of state revenues.
Bloomberg: Bahrain among 7 Countries that Risk Credit-Default After Venezuela
Bloomberg, the economic news website, said in a report that emerging-market money managers are looking to identify countries that might run into trouble down the road.
VIDEO: Hezbollah S-G Says Saudi Misguided Policies Pushed Bahrain to the Brink of Bankruptcy
Hezbollah Secretary General Sayed Hassan Nasrallah said on Friday (November 10, 2017) that Bahrain has become on the brink of bankruptcy due to what he described as ďmisguided Saudi policiesĒ.
Bahrain Asks Gulf Allies for Financial Aids to Avoid Currency Devaluation
Bloomberg website specified in economic affairs revealed that Bahrain has asked Gulf allies for financial assistance as financial crisis in the country aggravates.
Govít Borrowed BD 6 Billion More than its Needs, Didnít Disclose How It Spent Them
The final accounts of state showed that the government borrowed 6 Billion BD that exceeds its actual need to cover the fiscal deficit, without specifying where it spent them.
Ibrahim Sharif Warns: Bahrain might Face Financial Crisis Similar to Greece
The prominent dissident Ibrahim Sharif warned on Wednesday (October 11, 2017) that Bahrain might face financial crisis similar to that witnessed in Greece in 2010, calling to take measures to confront the increase in governmental debt.
Bahrain Mandates Five Banks for International Bond Issue
Bahrain's government has hired banks for a planned U.S. dollar-denominated bond issue, sources familiar with the matter said on Tuesday.
Shura Council Approves Raising Public Debt Ceiling to 13 Billion BD
Shura Council approved in its session on Sunday (July 16, 2017) a bill that raises the public debt ceiling from 10 to 13 billion BD.
Merrill Lynch: Bahrainís Economy Deteriorated More than Expected
A new report of Bank of America Merrill Lynch said that Bahrainís economic situation is not expected to improve during the coming period.
Government Asks to Withdraw 200 Million BD from Future Generation Reserve Fund
The government referred to the House of Representatives a bill to take 200 million BD from the Future Generation reserve fund.
Bahrain Tends to Raise Public Debt Ceiling to Unprecedented Level
The local Al-Ayam newspaper said that the government officially referred to the House of Representatives a bill to raise the ceiling of public debt to 13 billion BD, which is considered an unprecedented level.
Finance Minister: Public Debt Reached 9.1 Billion, 76% of GDP
Minister of Finance Ahmed bin Mohammed Al Khalifa said that the public debt has reached 9.1 billion BD until April and explained that the public debt constitutes 76% of the GDP for the year 2016.
Bahrain Govít Refers Draft Law to Parliament Raising Limit on Debt to BD 13B
Head of the Parliamentary Financial and Economic Affairs Committee Abdul Rahman Bu Ali said that a new draft law suggests raising the bar on the state public debt from 10 billion BD to 13 billion BD.
Legislative Committee Rejects Draft Law Imposing Public Debt Limit at 60% of GDP
The Parliamentary Committee on Legislative and Legal Affairs rejected a draft law imposing a limit for the public debt not exceed 60% of the Gross Domestic Product (GDP).
Bahrainís Consolidated Financial Statement: Public Debt in 2016 Exceeded 8.8 Billion BD
The Consolidated Financial Statement of Bahrain for the fiscal year that ended on December 31, 2016 unveiled that the oil revenues reached 1.4 billion BD, which shows a 10% drop in comparison with 2015. The non-oil revenues reached 500 million BD, which means a 3% increase. Meanwhile, the general expenses amounted to 3.5 billion BD, including the recurring expenses that recorded 3.1 billion BD and the project expenditures that amounted to 400 million BD.
Bahrain Pays Over $1B in Interest on Public Debt Last Year, Reports Suggest
Information reported that the Bahraini government paid about 395 million dinars (more than $1 billion) in 2016 as interests to lending banks.
Bahrainís Public Debt Rises to 8.68 Billion BD at the End of November
Bahrainís public debt continued to rise reaching 8.68 billion BD in November 2016, which constitutes 72% of the Gross domestic product (GDP).