The Central Bank of Bahrain is seen in Manama, October 27, 2013. REUTERS/Hamad I Mohammed
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Bahrain should consider implementing corporate income tax to shore up its finances as rising interest rates hinder its ability to borrow, the International Monetary Fund said.Bahrain has been borrowing regularly from the international debt market, but had to shelve a sale in March because investors sought higher yields.Last year, Bahrain was said to ask Gulf allies for financial assistance as it sought to replenish its foreign-exchange reserves and avert a currency devaluation.
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