Highly-indebted country has a four-point agenda of structural reforms, fiscal consolidation, banking sector reorganisation and debt restructuring
These measures, which vary in magnitude and scope, are intended to mitigate the economic and fiscal effects on businesses and individuals.
The goal is to ensure that households and businesses are able to keep their heads above water until the health crisis can be contained, so that the economy is ready to rebound once the worst of the pandemic has passed.
Officials are worried the crisis that has hit the thriving tourist sector, which generates around $5bn annually, will slash growth projections and deepen an economic downturn
Al Baraka Banking Group B.S.C held its Ordinary General Meeting on 23 March 2020 at Al Baraka headquarters in Bahrain Bay, Manama, in the Shaikh Saleh Kamel Hall, by a quorum of 82.78% .