MANAMA: Bahrain’s efforts to address economic challenges, specially through the Fiscal Balance Programme (FBP), have been commended by the International Monetary Fund (IMF), which has also noted the medium-term budget support received from regional partners to assist in the adjustment.
A statement issued after the conclusion of Bahrain’s 2019 Article IV Consultation with the UN body said IMF’s executive board directors have welcomed the FBP that aims to reduce the fiscal deficit by increasing non-oil revenue and improving spending efficiency .