In a series of interviews carried out by us for EMEAfinance magazine, leading Bahraini policymakers issued a defiant response to the downgrades of its sovereign debt by a leading credit ratings agency and the decision by the International Monetary Fund to forecast a slowdown in economic growth. A senior director at the central bank accused the rating agencies of “exaggerations” and of basing their assessment on news reports, while the country’s Economic Development Board said the government had struck the correct balance between reducing the deficit and supporting growth. The article can be found here.
The interviews were held as part of a fact finding trip for EMEAfinance during the 2017 World Islamic Banking Conference in December 2017. A fuller report will follow shortly.