The Bahraini Ministry of Finance announced that it will receive $2.3 billion as part of a Gulf aid package announced in October 2018.
In October, Bahrain received pledges from Saudi Arabia, the United Arab Emirates and Kuwait to provide a $10 billion financial support package to the kingdom over five years to help support the economy and reduce the budget deficit.
The Bahraini Ministry of Finance said in a statement yesterday that it had received $2.292 billion in 2018 and will receive the second payment worth $2.276 billion this year.
The ministry explained that it will receive the remaining payments, according to an agreed timetable as follows $1.76 billion in 2020 and $1.846 billion in 2021. The kingdom will also receive $1.421 billion in 2022 and $650 million in 2023.