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

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