Bahraini Government Intends to Borrow $13 Billion

2018-01-08 - 3:18 p

Bahrain Mirror: A local newspaper said on Monday (January 8, 2018) that the government plans to borrow 8 billion BD ($13 billion).

The government raised the ceiling of public debt last year to 13 billion BD.

Al-Bilad local newspaper said that Bahrain's Central Bank intends to issue government debt instruments that exceed 5.2 billion BD, within the annual plan for borrowing from the market in coordination with the Ministry of Finance.

Bahrain suffers from severe financial crisis due to oil price drop and political unrests witnessed in the country since 7 years.

Arabic Version

 


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