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Gulf backing for Bahrain led by UAE to address debt
Sources have anticipated that the Kingdom of Bahrain will receive financial support from the Gulf Cooperation Council, led by the United Arab Emirates, to address its debt crisis, which has worsened due to the Iranian conflict. The International Monetary Fund estimates Bahrain's debt at over 150% of its GDP, and its foreign exchange reserves have declined by more than 50% since March. These steps come amid economic turmoil and a wave of international bond sell-offs. Meanwhile, the government continues efforts to bolster its reserve funds despite ongoing economic challenges, with forecasts predicting an 11.3% contraction of Bahrain’s economy in 2026 due to energy disruptions and trade disruptions.
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