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More Steps Needed to Cut Fiscal Deficit, IMF Tells Bahrain

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More Steps Needed to Cut Fiscal Deficit, IMF Tells Bahrain TWITTER CELEBS @newsofbahrain OP-ED 10 Defending global institutions from White House sledgehammer INSTAGRAM Rita Ora wants to bag /nobmedia 17 more acting roles LINKEDIN TUESDAY newsofbahrain JULY 2018 Singer Rita Ora wants to continue with her WHATSAPP 200 FILS 38444680 ISSUE NO. 7810 acting career after the success of the “Fifty FACEBOOK /nobmedia Shades of Grey” movie franchise, and says MAIL [email protected] she would like to do a horror film. WEBSITE newsofbahrain.com P16 Taylor Swift handles concert malfunction with ease 16 SHOW SPORTS 17 Pacquiao wants more Spotlight on Mighty motherhood anti-graft steps More steps needed to cut fiscal Manama deficit, IMF tells Bahrain he team in charge of TDT|Manama from tighter global Timplementing the financing conditions United Nations (UN) Con- ahrain needs and delays in fiscal ad- vention Against Corrup- a comprehen- justments. tion held its first meeting sive package of Structural reforms yesterday. Breforms to reduce its 3.2 are also needed The session was attend- fiscal deficits over the per cent is the IMF in Bahrain’s busi - ed by officials representing medium term, the In- growth forecast for ness environment, entities in charge of imple- ternational Monetary Bahrain. according to IMF, menting Chapters II and Fund (IMF) said. which recommended V – “Preventive Measures” “Despite planned boosting productivity and “Asset Recovery”. fiscal consolidation and competitiveness Judges and experts were measures, fiscal deficit is projected through more privatisations and also present. to continue over the medium term,” adopting public-private partner- The director-general of IMF’s Executive Board said in a report ships to fund the projects that are the General Directorate for yesterday. in the pipeline. Anti-Corruption, Econom- The IMF emphasised the need to Greater female participation in the ic and Electronic Security “introduce direct taxation, includ- country’s workforce is another step in commended the role of the ing a corporate income tax, while improving the country’s businesses team in highlighting Bah- containing the public wage bill” and environment, the IMF noted. rain’s efforts to implement said Bahrain’s exchange rate peg to Meanwhile, the IMF raised its the UN covenant. the dollar “remains appropriate for growth forecast for the world’s top The Anti-corruption the economy.” crude exporter Saudi Arabia, citing crime directorate acting The country’s economy is forecast higher oil prices. director highlighted the to grow 3.2 per cent this year, accord- In its World Economic Outlook requirements for imple- Anita Areli Ramirez Mejia, an asylum seeker from Honduras separated from her six year-old son Jenri ing to the IMF. update, the IMF said the Saudi econ- menting the convention. near the Mexico-US border, is reunited with him in Harlingen, Texas. US President Donald Trump signed The fund, while praising Bahraini omy would grow by 1.9pc in 2018, up an executive order ending his policy of separating migrant families at the border a few days ago. More authorities continued efforts for fis- 0.2 percentage points from its April than 50 children have been reunited with their families, but the process has been slow and difficult. cal reforms, warned against risks projections. US rejects EU plea over Iran New York he US has rejected Tpleas from the EU to grant exemptions to Eu- ropean firms from the sanctions on Iran that will Love at fourth sight start to be reinstated next month. Trump showers praise on Putin in his fourth meeting with the Russian President since his presidency Secretary of State Mike Pompeo and Treasury Sec- Putin. retary Steven Mnuchin Trump’s handling of a joint His performance was denounced as wrote in a letter that they • “treasonous” by a former CIA chief and wanted to exert “unprece- news conference in Helsinki US Senator John McCain called meeting dented” pressure on Tehran. stirred a wave of condemnation with Putin a “tragic mistake,” although Waivers will only be giv- in the United States, where the some other Republicans were more cau- en on national security or White House has struggled for tious. humanitarian grounds. Asked if he believed US intelligence President Donald Trump months to dispel a suggestion agencies, which concluded that Russia ordered that the sanctions that Trump was unwilling interfered in the 2016 election in an be re-imposed in May after to stand up to Putin. effort to help him defeat Democratic abandoning a nuclear deal candidate Hillary Clinton, he said he was with Iran. At the news conference, not convinced. The UK, France and Ger- • “I don’t see any reason why it would many - which were also Trump was invited by reporters be” Russia, Trump said. “President Putin parties to the 2015 accord, to offer any criticism of Russia was extremely strong and powerful in his along with Russia and China but he repeatedly declined. denial today.” - pledged to continue abid- In one response, the Director of Na- Trump and Putin shake hands as they meet in Helsinki. ing by their commitments. Helsinki tional Intelligence Dan Coats, a Trump nominee approved by Congress, said staff to take a tough line, Trump spoke US intelligence agencies. in a statement, “We have been clear in tanding side-by-side with Vladimir not a single disparaging word in public A prosecutor announced an indict- our assessments of Russian meddling Putin, US President Donald Trump about Moscow on any of the issues that ment three days ago of Russian spies for in the 2016 election and their ongoing, Syesterday refused to blame the Rus- have brought relations between the two hacking into Democratic Party networks. pervasive efforts to undermine our de- sian leader for meddling in the US 2016 powers to the lowest ebb since the Cold Trump’s handling of a joint news mocracy, and we will continue to provide election, casting doubt on the findings of War. conference in Helsinki stirred a wave unvarnished and objective intelligence in DON’T MISS IT his own intelligence agencies and spark- Instead, he denounced the “stupidity” of condemnation in the United States, support of our national security.” ing a storm of criticism at home. of his own country’s policy, especially the where the White House has struggled Hours after the Helsinki summit, On a day when he faced pressure from decision to investigate election interfer- for months to dispel a suggestion that Trump tweeted, “I have GREAT confi- BD15m to boost critics, allied countries and even his own ence following the conclusions drawn by Trump was unwilling to stand up to dence in MY intelligence people.” 02 drugs stock EYE FOR AN EYE Govt’s pension 03 reform proposals Mob slaughters nearly 300 crocodiles in revenge killing ‘frustrating’ Jakarta on Friday morning while gathering vegetables on the crocodile farm’s breeding sanctuary. Glimpse of hope mob of villagers has killed nearly 300 crocodiles “An employee heard someone screaming for help, 05 for ‘stateless at a sanctuary for the animals in the Indonesian quickly went there and saw a crocodile attacking family’ Aprovince of West Papua. someone,” the head of Indonesia’s Natural Resources The slaughter was in retaliation for a local man Conservation Agency in West Papua said. thought to have been killed by one animal from the site. After the funeral on Saturday, several hundred angry Officials and police said they were not able to stop locals went to the sanctuary, armed with knives, shovels, the attack and may now press charges. The killing of hammers and clubs. Local media cite officials saying the a protected species is a crime that carries a fine or im- mob first attacked the office of the crocodile farm and prisonment in Indonesia. The local villager was killed All 292 reptiles at the sanctuary were slaughtered by the mob. then went on to slaughter all 292 reptiles at the sanctuary. TUESDAY, JULY 17, 2018 02 His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa received an academic delegation from Thailand, led by Prince of Songkla University (PSU) Vice-President Dr Chutamas Satasook at the Gudaibiya Palace yesterday. The Premier hailed the visit of the Thai delegation which epitomises strong and outstanding relations between the two friendly countries. He described solid ties of cooperation and friendship between Bahrain and Thailand and their perpetual growth at all levels as a reflection of mutual understanding and coordination. HRH the Premier chairs the Cabinet in the presence of HRH the Crown Prince. BD15m to boost drugs stock Premier directs Finance Minister and Health Minister to ensure medicine stocks order to achieve their common The session interests. • The second MoU is on co - approved two operation between Bahrain’s Memoranda of 138 High Education Council and Understanding (MoU) million Bahraini dinars the French High Education, Re- between Bahrain and is the estimated cost of search and Innovation in high 69 different projects education in order to enhance France on cooperation implemented by the their academic relations. in security and high Works Ministry. The Cabinet endorsed anoth- education fields. er MoU between Bahrain’s Su- preme Council for Environment Manama (SCE) and the UK’s Department to tender. for Environment, Food and Ru- The projects include main- ral Affairs, represented by the he Cabinet chaired by His ly the implementation of the Centre for Environment, Fish- Royal Highness Prime BD7m-first phase of the recla- eries and Aquaculture Science TMinister Prince Khali- mation of the Muharraq Ring (Cefas). fa bin Salman Al Khalifa in the Road linking Diyar Al-Muhar- Under the MoU, approved presence of His Royal Highness raq and Busaiteen, the BD 1.5m based on a recommendation Prince Salman bin Hamad Al Halat Bu Maher road revamp, by the by the Ministerial Com- Khalifa, the Crown Prince, Dep- the construction of the Health mittee for Legal Affairs, and uty Supreme Commander and Ministry’s BD 11.5m long stay highlighted in the memoranda First Deputy Premier, yesterday care centre in Muharraq and the presented by the Deputy Pre- directed to allocate BD15 million BD3m Sanabes road revamp.
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