The Cabinet has approved an economic package worth BD4.3 billion announced last week to offset the impact of Covid-19.
The eight financial initiatives include a waiver on electricity and water bills for all accounts – including individuals and commercial – for three months and a delay of bank loan instalments for six months for those impacted by the virus.
The other initiatives include doubling the Liquidity Fund to BD200 million, and exempting tourism facilities from tourism fees for three months among others.
An urgent legislation withdrawing excess from the Unemployment Fund to support the wages of Bahrainis in the private sector for the next three months has been referred to the National Assembly urgently.
It aims to support 100,000 Bahrainis at a cost of BD215m.
Both Parliament and the Shura Council will have two weeks each to review and vote on the legislation or it is considered ratified by His Majesty King Hamad.
