Bahrain official urges spending cuts
Bahrain: Thursday, April 10 - 2008 at 11:11
The head of Bahrain's state-owned Economic Development Board said the country should rein in state spending to curb inflation, which hit 4.8% in February, reported our sister company Meed. EDB Chief Executive Shaikh Mohammed bin Essa Al Khalifa said growth needs to be curbed 'so inflation can be more manageable'. He also said he is not in favor of currency reevaluation. The EDB is responsible for formulating and overseeing the economic development strategy of the Gulf Arab kingdom.
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Jeff Florian, Senior ReporterThursday, April 10 - 2008 at 11:11 UAE local time (GMT+4)
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