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Bahrain will likely need further fiscal support from Gulf neighbors, says Fitch

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Bahrain will likely need further financial support from its Gulf neighbors despite reform measures, Fitch Ratings’ lead Bahrain analyst Toby Iles said on Monday.

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Iles said Bahrain, a small oil producer, was likely to likely need the support from 2023 onwards and cited Fitch’s oil price assumption.

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In 2018, Saudi Arabia, the United Arab Emirates and Kuwait came to Bahrain’s aid with a five-year zero-interest $10.25 billion package to help it avoid a credit crunch.

Read more: Bahrain economy to see $2.9bln boost when Saudi travel restrictions lift: Expert