Kuwait’s government has signed an agreement to support ongoing fiscal reforms in Bahrain, the Ministry of Finance announced on Tuesday.
Last year, Kuwait – along with the UAE and Saudi Arabia – announced a $10 billion financial aid package to Bahrain to prevent the country from falling into a debt crisis.
A report in the state-run Kuwait News Agency (KUNA) said the Bahraini and Kuwaiti finance minister, in addition to the Arab Monetary Fund and the Kuwait Fund for Arab Economic Development, signed a “multi-party cooperation framework”.
The framework, KUNA added, “formalises a previously agreed package for supporting the economic reforms and financial stability of the Kingdom of Bahrain.”
