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GCC finance ministers back joint bond framework at Riyadh meeting

Finance ministers from the six Gulf Cooperation Council states endorsed a unified sovereign-bond issuance framework on Tuesday, aimed at lowering borrowing costs by coordinating maturity schedules and disclosure standards. The framework, negotiated over two years, now goes to heads of state for final approval.

5 min

GCC finance ministers back joint bond framework at Riyadh meeting

Finance ministers from the six Gulf Cooperation Council states endorsed a unified sovereign-bond issuance framework on Tuesday, aimed at lowering borrowing costs by coordinating maturity schedules and disclosure standards. The framework, negotiated over two years, now goes to heads of state for final approval.

Bahrain and Oman, both reliant on debt markets to fund recurring budget deficits, pushed hardest for the deal and are expected to benefit most in the near term. Saudi and Emirati officials described the move as a step toward deeper fiscal coordination rather than a prelude to a common currency.

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