Bahrain raids its future generations fund

Issue 1107 - 17 Jul 2020

Manama is drawing down almost half the assets of its Future Generations Reserve Fund (FGRF) and suspending further payments into the fund as it attempts to deal with a growing fiscal crisis amid a weakened economic environment and still high state spending.Under a decree issued by King Hamad Bin Isa Al-Khalifa on 13 July, the government is to withdraw $450m from the fund. As of end-December 2019, the FRGF had $918m worth of assets, according to a statement issued on 6 July after the cabinet had approved the fund’s annual report.

Want to read more?

Medium article


(Access to one 401-800 word article)

Subscribe to Gulf States Newsletter

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles and set up news alerts.


Contact us

Jon Marks
Editorial director

Dominic Dudley

Harry Randle Marsh
Subscriptions and sales

Tel: +44 (0)1424 721667