Kuwait, Saudi, UAE, Bahrain ministers discuss Bahrain Fiscal Balance Program

2019-04-12 09:40:48

(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, April 12 (KUNA) -- Kuwait's Finance Minister Dr. Nayef Al-Hajraf discussed Bahrain's Comprehensive Fiscal Balance Program with his counterparts from Saudi Arabia, the United Arab Emirates and Bahrain in Washington on Friday.

The officials included Saudi Arabia's Finance Minister Mohammed Al-Jadaan, UAE Sate Minister for Financial Affairs Obaid Al-Tayer and Bahrain's Minister of Finance and National Economy Sheikh Salman Al-Khalifa.

The encounter was held on the fringes of the annual World Bank and International Monetary Fund (IMF) Spring Meetings, held between April 8-14.

During the talks, held in the presence of the Chairman of the Board of Executive Directors and Director General at the Arab Monetary Fund Dr. Abdulrahman Al-Humaidi, the ministers discussed global concerns, poverty eradication, economic development and enhancing investment fields, read a Kuwaiti ministry statement.

Last year, Kuwait, Saudi Arabia and the UAE signed a jointly-funded USD 10 billion aid package to the Bahrain Comprehensive Fiscal Balance Program aimed at preventing the neighbouring Gulf kingdom from going in debt. (end) km.aab.lr

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