Gulf finance ministers said on Wednesday (August 15th) they would support Bahrain’s financing needs after reviewing its proposed fiscal balance programme at a meeting in Manama, al-Arabiya reported.
The ministers of Saudi Arabia, the UAE and Kuwait "reaffirmed their countries’ commitment to supporting the financing needs of a fiscal balance programme with targeted indicators", they said in a statement.
The Gulf Co-operation Council (GCC) members have been discussing aid to Manama for more than a year.
The statement said the step came "based on brotherly ties, constructive co-operation and a common interest".
An integrated programme to enhance fiscal stability and further stimulate economic growth and development in Bahrain will be finalised, it said.
