IMF Says Bahrain Needs Urgent Fiscal Adjustment after Coronavirus Pandemic
Once it recovers from the economic downturn instigated by the coronavirus pandemic, Bahrain will likely need "an urgent fiscal adjustment," Ali Al-Eyd, the fund's Bahrain mission chief, said in an interview with Bloomberg.
IMF Urges Bahrain to Implement Fiscal Reforms, Contain Rising Public Debt
The International Monetary Fund (IMF) urged Bahrain to implement fiscal reforms and lower its public debt, which increased sharply last year as the coronavirus crisis hurt the small oil-producing Gulf state.
Bahrain's Economy to Grow 3.3% this Year, must Cut Public Debt: IMF
Bahrain's economic recovery from the COVID-19 pandemic will be gradual, with growth projected at 3.3% this year after a 5.4% contraction in 2020, the International Monetary Fund said on Sunday.
Letter from IMF Chief to Bahrain Crown Prince: Stop McKinseys
An indirect message was addressed to Bahrain's Crown Prince Salman bin Hamad Al Khalifa and his economic team. It neither came from a theocrat nor a socialist, but from the head of the International Monetary Fund Christine Lagarde: Stop using global consultancy firms.
IMF Chief Lagarde to Skip Saudi Investment Conference
International Monetary Fund Managing Director Christine Lagarde has deferred a planned trip to the Middle East, which included a stop in Riyadh to attend an investment conference, the IMF said in a statement on Tuesday.
IMF Emphasizes Need to Impose Corporate Income Taxes in Bahrain, Expects Slow Economic Growth
The International Monetary fund (IMF) expected on Sunday (July 15, 2018) that Bahrain’s growth is to decelerate over the medium term due to the large and growing debt bill. IMF said that reserves remain low, covering only 1.5 months of prospective non-oil imports at end 2017.
Bahrain Government Seeks Deal with Parliament on New Subsidy System- Reuters
Bahrain’s cash-strapped government is in talks with parliament on a new subsidy system that would redirect some of the financial aid the government provides to its citizens, officials said.
Bahrain Needs to Rise Price of Oil Barrel to $116 to Reach Equilibrium Point
The International Monetary Fund predicted that the Bahraini economy will grow to $40 billion in 2019 with an estimated annual growth of 3% this year and 2% in gross domestic product next year.
Bahrain Needs to Accelerate Budget Reforms to Sustain Economy –IMF official
Bahrain needs to accelerate reforms to its state budget to reach a deficit level that would make its finances sustainable over the medium term, an International Monetary Fund official said.
Bahrain’s Economic Growth Won’t Exceed 2.3% in 20The International Monetary Fund (IMF) expected that Bahrain’s GDP will not increase more than 2.3% in 2019.19, IMF Expects
The International Monetary Fund (IMF) expected that Bahrain’s GDP will not increase more than 2.3% in 2019.
Economic, Financial Impact on Qatar from Boycott is Fading: IMF
The direct economic and financial impact for Qatar as a result of the diplomatic boycott with some Arab states is fading, according to a report from the International Monetary Fund.
IMF Says Bahrain, Kuwait, Oman & Qatar Will Need More than a Year to Introduce VAT
Bahrain, Kuwait, Oman and Qatar may need more than a year and a half to introduce an agreed 5 percent value added tax (VAT) rate, said an International Monetary Fund (IMF) official.
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.
IMF Urges Gulf States to Speed up Switch from Oil
The IMF on Tuesday advised energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region since the global financial crisis.
IMF Official: Qatar Resisting Sanctions Effectively
Qatar’s government has acted effectively in protecting the economy against sanctions imposed by other Arab countries, an International Monetary Fund official said on Wednesday after leading an IMF team on a week-long visit to Doha.
Bahrain may need to boost interest rates to protect currency, IMF warns
Bahrain may need to raise its market interest rates to protect its currency and must refrain from having its central bank lend money to cover the government's budget deficit, the International Monetary Fund said on Monday.
Bloomberg: Bahrain Foreign Reserves Tumble 11% amid Risks of Exchange-Rate Policy Change
Bahrain’s foreign-currency reserves tumbled 11 percent in February, extending a decline that has fueled speculation that the island kingdom would either tap international bond markets soon or seek financial support from other Gulf Arab monarchies, Bloomberg revealed.
The Independent: Bahrain Threatened to Run out of Money within Coming 5 Years
The British Independent newspaper published a chart in which it indicated that “Iraq, Iran, Oman, Algeria, Saudi Arabia, Bahrain, Libya and Yemen are among the Middle Eastern countries that could run out of money in less than five years.”
IMF Estimates Bahrain's Fiscal Deficit to Reach 15%
Bahrain Mirror: The International Monetary Fund (IMF) estimated that the fiscal deficit of the Bahraini government would reach approximately 15% of the Gross Domestic Product (GDP) during 2016, with the drop of oil prices to lowest rate since 12 years.
Reuters: IMF Urges Bahrain to Cut Deficits as Oil Prices Fall
Bahrain Mirror (Reuters): The International Monetary Fund on Friday (January 29, 2016) urged Bahrain to take "sizable" steps to reduce its growing budget deficit as slumping oil prices have sharply reduced exports and government revenues.