Bahrain's Gulf Allies Review Aid Program in Show of Support - Bloomberg

Bahrain's Gulf Allies Review Aid Program in Show of Support - Bloomberg:

Bahrain’s Gulf Arab allies met to review a financial support program designed to help the country repair its finances and stave off a possible currency devaluation that could roil regional markets.

The finance ministers of Saudi Arabia, the United Arab Emirates and Kuwait met with their Bahraini counterpart on Wednesday in the island-kingdom. They said their countries were “committed to backing Bahrain’s fiscal stability” and economic growth, according to the official Bahrain News Agency.

The ministers reviewed a report prepared by a joint technical team in coordination with the Arab Monetary Fund, BNA said. The AMF is an Abu Dhabi-based organization modeled on the International Monetary Fund.