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Stock impact report

IMF urges speed of reform in Bahrain to bolster finances [Yahoo! Finance]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
US:NYSE Investor Relations: stocktwits.com/symbol/s
Company Research Source: Yahoo! Finance
The Gulf's most-indebted nation needs to “accelerate the program of fiscal reforms” while keeping fiscal policy “tight” in order to signal to investors it is serious about tackling government borrowing, Jihad Azour, IMF Middle East and Central Asia director, said in an interview. S&P Global Ratings downgraded Bahrain further into junk bond status last month, citing its rising debt levels. The IMF says Bahrain's debt-to-GDP ratio could rise to 139% in 2028. Bahraini officials say the country is attracting foreign investment, growing non-oil revenues, and taking measures to address government debt. But the challenge it faces is how to compete with larger neighbors like Saudi Arabia and the UAE for investment and talent. Show less Read more
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