As Bahrain’s economy struggles to recover from the tumult of pro-democracy protests, much hope is invested in a bail-out package for the kingdom and for Oman, another member of the Gulf Co-operation Council that has faced domestic unrest.
But details about the package, pledged by fellow GCC members at $10bn over 10 years, remain scant, despite signs that the Bahraini economy needs a kick-start after the disruption triggered by February and March’s street protests.
One official says most of the stimulus will be spent in the first three to five years. But further details of what was originally called a Marshall-style plan are under wraps until the government decides between two options, says the official.
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