MANAMA: The current oil price outlook provides Bahrain an opportunity to proceed with ambitious reforms to put the national debt on a firm downward path, the IMF has said.
In a statement after it concluded its annual Article IV consultations with the kingdom’s authorities, the international financial institution urged the country to take advantage of the favourable macroeconomic and financing conditions in order to achieve a sizeable medium-term fiscal consolidation reducing reliance on oil revenue .
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