Gulf Powers Are Said to Weigh Five-Year Bahrain Aid Package - Bloomberg

Gulf Powers Are Said to Weigh Five-Year Bahrain Aid Package - Bloomberg:

Bahrain’s Gulf Arab allies are weighing plans for a five-year aid package to steady its finances and protect a currency peg seen as vital to regional economic stability, according to three people with knowledge of the matter. Bonds gained.

The assistance would help Bahrain meet its financing needs over the period while it carries out fiscal reforms, the people said on condition of anonymity. The amount under negotiation is $10 billion, though a final agreement has yet to be reached, one of the people said.

The deal is taking shape after months of negotiations over the measures Bahrain would take to receive support from Saudi Arabia, the United Arab Emirates and Kuwait. The package may include deposits and low-interest loans, one of the people said.