Executive
Board Calendar |
Board Discussions
on the United Arab Emirates:
Previous: May 14, 2012 April 27, 2011 February 3, 2010 January 9, 2009 September 21, 2007
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Article IV Staff Reports
Financial Sector Assessment Program
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Projected % Change
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2013
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2014
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Real GDP
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3.1
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3.6
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Consumer Prices
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1.6
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1.9
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Source: World Economic Outlook (April 2013)
Please refer to more recent PIN/Staff reports on this country for possible revisions.
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United Arab Emirates: Financial Position in the Fund

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United Arab Emirates and the IMF
Updated April 20, 2013
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The last Article IV Executive Board Consultation was on May 14, 2012. Listed below are items related to the United Arab Emirates, in reverse chronological order (you can also view items by category).
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 | April 20, 2013 -- IMFC Statement by The Honorable Sultan N. Al-Suwaidi, Governor of the Central Bank, of the United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 129Kb
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 | October 29, 2012 -- Economic Prospects and Policy Challenges for the GCC Countries: Annual Meeting of Ministers of Finance and Central Bank Governors; October 5–6, 2012
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 | October 13, 2012 -- IMFC Statement by Obaid Humaid Al Tayer, Minister of State for Financial Affairs of the United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 331Kb
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 | June 08, 2012 -- United Arab Emirates: Selected Issues and Statistical Appendix
Series: Country Report No. 12/136
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 | May 18, 2012 -- United Arab Emirates: Staff Report for the 2012 Article IV Consultation
Series: Country Report No. 12/116 Notes: Also Available in Arabic
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 | May 16, 2012 -- Public Information Notice: IMF Executive Board Concludes 2012 Article IV Consultation with the United Arab Emirates
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | May 01, 2012 -- Monetary Policy Transmission in the GCC Countries
Author/Editor: Espinoza, Raphael A. | Prasad, Ananthakrishnan Series: Working Paper No. 12/132
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 | April 21, 2012 -- IMFC Statement by Obaid Humaid Al-Tayer, Minister of State for Financial Affairs, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 331Kb
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 | March 14, 2012 -- United Arab Emirates—2012 Article IV Consultation Concluding Statement of the IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
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 | March 14, 2012 -- Press Release: Statement at the Conclusion of the 2012 Article IV Consultation Mission to the United Arab Emirates
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 | June 16, 2011 -- United Arab Emirates: Selected Issues and Statistical Appendix
Series: Country Report No. 11/112
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 | June 01, 2011 -- Policy Coordination in Fiscal Federalism: Drawing Lessons from the Dubai Debt Crisis
Author/Editor: Cevik, Serhan Series: Working Paper No. 11/147
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 | May 23, 2011 -- United Arab Emirates: 2011 Article IV Consultation - Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion
Series: Country Report No. 11/111 Notes: Also Available in Arabic
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 | May 19, 2011 -- Middle East and North Africa: Protecting Social Cohesion and Economic Stability, A Commentary by Masood Ahmed, Director, Middle East and Central Asia Department, International Monetary Fund
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 | March 07, 2011 -- United Arab Emirates-2011 Article IV Consultation Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
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 | March 07, 2011 -- Statement at the Conclusion of the 2011 Article IV Consultation Mission to the United Arab Emirates
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 | November 01, 2010 -- Determinants of the Foreign Exchange Risk Premium in Gulf Cooperation Council Countries
Author/Editor: Poghosyan, Tigran Series: Working Paper No. 10/255
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 | October 30, 2010 -- Trade Competitiveness and Growth in the MENA Region by Masood Ahmed
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 | October 09, 2010 -- IMFC Statement by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, Ministry of Finance, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 415Kb
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 | March 30, 2010 -- Global Financial Crisis Highlights GCC’s Policy Challenges by Masood Ahmed, Director, Middle East and Central Asia Department
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 | February 18, 2010 -- Transcript of a Press Briefing on the 2009 Article IV Consultation with the United Arab Emirates by Masood Ahmed, Director of the International Monetary Fund’s Middle East and Central Asia Department
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 | February 18, 2010 -- United Arab Emirates: 2009 Article IV Consultation - Staff Report; Public Information Notice; and Statement by the Executive Director for United Arab Emirates
Series: Country Report No. 10/42
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 | February 17, 2010 -- Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with United Arab Emirates
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | December 01, 2009 -- Systemic Liquidity Management in the U.A.E.: Issues and Options
Author/Editor: Chailloux, Alexandre | Hakura, Dalia Series: Working Paper No. 09/261
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 | October 04, 2009 -- Statement by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Liberia, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 292Kb
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 | April 25, 2009 -- IMFC Statement by the H.E. Sultan N. Al-Suwaidi, Governor of the Central Bank, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 333Kb
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 | April 13, 2009 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with the United Arab Emirates
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | April 13, 2009 -- United Arab Emirates: Statistical Appendix
Series: Country Report No. 09/120
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 | April 13, 2009 -- United Arab Emirates: 2008 Article IV Consultation - Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 09/124
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 | February 23, 2009 -- Press Release: IMF Executive Board Concludes 2008 Article IV Consultation with the United Arab Emirates
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 | October 11, 2008 -- IMFC Statement by His Excellency Sultan N. Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 287Kb
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 | September 19, 2008 -- United Arab Emirates: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism
Series: Country Report No. 08/305
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 | July 31, 2008 -- Press Release: United Arab Emirates Begins Participation in the IMF's General Data Dissemination System
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 | April 12, 2008 -- IMFC Statement by His Excellency Sultan N. Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 187Kb
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 | December 01, 2007 -- Country Focus - United Arab Emirates - Finance & Development, December 2007
In recent years, the U.A.E. has enjoyed rapid economic growth—impressive by any global standard. Its challenge now is to address the housing constraint that is pushing up inflation while sustaining growth and ensuring macroeconomic and financial stability.
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 | November 16, 2007 -- United Arab Emirates - Dubai International Financial Centre: Financial Sector Assessment Program - Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation
Series: Country Report No. 07/365
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 | October 31, 2007 -- United Arab Emirates: Financial System Stability Assessment
Series: Country Report No. 07/357
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 | October 16, 2007 -- United Arab Emirates: 2007 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Arab Emirates
Series: Country Report No. 07/347
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 | October 16, 2007 -- United Arab Emirates: Statistical Appendix
Series: Country Report No. 07/348
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 | October 09, 2007 -- Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with the United Arab Emirates
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | November 04, 2006 -- Press Release: IMF Managing Director Rodrigo de Rato Welcomes the Large Investment Programs in the GCC Countries and Highlights the Importance of Planned Monetary Union
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 | July 14, 2006 -- United Arab Emirates: Statistical Appendix
Series: Country Report No. 06/256
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 | July 14, 2006 -- United Arab Emirates: 2006 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Arab Emirates
Series: Country Report No. 06/257
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 | July 12, 2006 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with the United Arab Emirates
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | April 22, 2006 -- IMFC Statement by His Excellency Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 38Kb
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 | February 01, 2006 -- Providing Official Statistics for the Common Market and Monetary Union in the Gulf Cooperation Council (GCC) Countries: A Case for "Gulfstat"
Author/Editor: Al-Mansouri, Abdulrahman K. L. | Dziobek, Claudia Helene Series: Working Paper No. 06/38
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 | August 29, 2005 -- IMF Survey:
Iraq's priorities; IMF reviews of Latvia, Sri Lanka, Angola, United Arab Emirates, Slovenia; IT in low-income countries; African currency blocs; Legacy of Soviet empire; Indonesia looks to keep pace with Asia; Bhutan's national happiness; IMF governance. PDF File Size: 494Kb
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 | August 05, 2005 -- United Arab Emirates: Selected Issues and Statistical Appendix
Series: Country Report No. 05/268
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 | August 05, 2005 -- United Arab Emirates: 2005 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Arab Emirates
Series: Country Report No. 05/269
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 | July 15, 2005 -- Public Information Notice: IMF Executive Board Concludes 2005 Article IV Consultation with the United Arab Emirates
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | April 16, 2005 -- IMFC Statement by His Excellency, Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 37Kb
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 | October 02, 2004 -- IMFC Statement by His Excellency, Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 579Kb
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 | June 29, 2004 -- Public Information Notice: IMF Concludes 2004 Article IV Consultation with the United Arab Emirates
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | June 29, 2004 -- United Arab Emirates: Statistical Appendix
Series: Country Report No. 04/174
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 | June 29, 2004 -- United Arab Emirates: 2004 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Arab Emirates
Series: Country Report No. 04/175
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 | April 24, 2004 -- IMFC Statement by His Excellency, Mohamed K. Khirbash, Minister of State for Finance and Industry, Ministry of Finance and Industry, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 559Kb
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 | September 24, 2003 -- Transcript -- Closing Press Conference of the 2003 Annual Meetings of the Boards of Governors of the World Bank Group and International Monetary Fund in Dubai, United Arab Emirates
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 | September 23, 2003 -- Statement by H.h. Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Industry, for United Arab Emirates
PDF File Size: 143Kb
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 | September 23, 2003 -- Statement by the H.e. Mohamed Khalfan Bin Khirbash, Alternate Governor of the World Bank for the United Arab Emirates, on behalf of the Arab Governors, at the Joint Annual Discussion
PDF File Size: 182Kb
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 | September 19, 2003 -- Transcript of a Press Conference by Managing Director Horst Köhler with First Deputy Managing Director Anne Krueger and External Relations Director Thomas C. Dawson
Dubai International Convention Centre, Dubai, United Arab Emirates
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 | September 18, 2003 -- Transcript of a Press Briefing on the Economic Outlook in the Middle East and North Africa
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 | June 06, 2003 -- Transcript of Press Briefing by Managing Director Horst Köhler at the Burj Al Arab Hotel, Dubai, United Arab Emirates
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 | March 12, 2003 -- United Arab Emirates: 2002 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Arab Emirates
Series: Country Report No. 03/66
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 | March 12, 2003 -- United Arab Emirates: Selected Issues and Statistical Appendix
Series: Country Report No. 03/67
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 | March 11, 2003 -- Public Information Notice: IMF Concludes 2002 Article IV Consultation with the United Arab Emirates
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | January 27, 2003 -- United Arab Emirates: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision and Payment Systems
Series: Country Report No. 03/20
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 | December 01, 2002 -- On a Common Currency for the GCC Countries
Author/Editor: Jadresic, Esteban Series: Policy Discussion Paper No. 02/12
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 | December 01, 2002 -- Finance & Development, December 2002 - Common Currency
By Ugo Fasano and Zubair Iqbal - GCC countries face fundamental choices as they head for monetary union.
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 | November 01, 2002 -- Oil Revenue Assignments: Country Experiences and Issues
Author/Editor: Ahmad, Ehtisham | Mottu, Eric Series: Working Paper No. 02/203
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 | November 01, 2002 -- Testing the Relationship between Government Spending and Revenue: Evidence from GCC Countries
Author/Editor: Fasano-Filho, Ugo | Wang, Qing Series: Working Paper No. 02/201
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 | October 21, 2002 -- IMF Survey:
Expanded trade access for developing countries; capacity building; central banks in globalized economy; financial soundness indicators; U.A.E. avoids "oil curse"; global inequality; Bhalla on growth and poverty reduction. PDF File Size: 692Kb
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 | September 28, 2002 -- Statement by His Excellency Mohamed K. Khirbash Minister of State for Finance and Industry Ministry of Finance and Industry, United Arab Emirates, International Monetary and Financial Committee Meeting, September 28, 2002
The International Monetary and Financial Committee statement on behalf of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syria, United Arab Emirates, Yemen
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 | December 01, 2001 -- Fiscal Expenditure Policy and Non-Oil Economic Growth: Evidence from GCC Countries
Author/Editor: Fasano-Filho, Ugo | Wang, Qing Series: Working Paper No. 01/195
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 | December 01, 2001 -- Fiscal Expenditure Policy and Non-Oil Economic Growth: Evidence from GCC Countries
Author/Editor: Fasano-Filho, Ugo | Wang, Qing Series: Working Paper No. 01/195
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 | September 30, 1999 -- Statement by the Hon. Mohammed Khalfan Bin Khirbash, Governor of the World Bank for the United Arab Emirates, at the Joint Annual Discussion
PDF File Size: 6Kb
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 | September 28, 1999 -- Statement by the Hon. Mahfoudh Ould Mohamed Ali, Governor of the IMF for Mauritania on behalf of the Arab Governors, at the Joint Annual Discussion
PDF File Size: 18Kb
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 | September 26, 1999 -- Statement by The Honorable Sultan Nasser Al-Suwaidi Governor United Arab Emirates, Interim Committee Meeting, September 26, 1999
The Interim Committee member for the constituency consisting of Kingdom of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Socialist People's Libyan Arab Jamahiriya, Maldives, Oman, Qatar, Syrian Arab Republic, United Arab Emirates and Republic of Yemen
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 | January 07, 1999 -- United Arab Emirates - Recent Economic Developments
Series: IMF Staff Country Report No. 98/134
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 | November 16, 1997 -- Statement by Stanley Fischer
Given at the Middle East/North Africa Economic Conference, Doha, Qatar.
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 | September 25, 1997 -- Concluding Remarks by the Chairman, the Hon. Mohammed K. Khirbash, Governor of the World Bank and the Fund for the United Arab Emirates, at the Closing Joint Session.
PDF File Size: 26Kb
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 | September 23, 1997 -- Opening Address by the Chairman, the Hon. Mohammed K. Khirbash, Governor of the World Bank and the Fund for the United Arab Emirates, at the Opening Joint Session.
PDF File Size: 36Kb
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 | January 01, 1997 -- External Stability Under Alternative Nominal Exchange Rate Anchors: An Application to the GCC Countries
Author/Editor: Iqbal, Zubair | Erbas, S. Nuri Series: Working Paper No. 97/8 Notes: This paper was presented at the Eleventh Annual Congress of the European Economic Association, Istanbul, August 21-24, 1996.
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 | June 15, 1989 -- Privatization and Structural Adjustment in the Arab Countries: Papers Presented at a Seminar held in Abu Dhabi, United Arab Emirates, December 5-7, 1988
Author/Editor: El-Naggar, Saíd Notes: Reprinted 1993. The seminar was sponsored by the Arab Monetary Fund, the International Monetary Fund, the United Nations Development Program, and the United Nations Economic and Social Commission for Western Asia.
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 | June 15, 1989 -- Privatization and Structural Adjustment in the Arab Countries: Papers Presented at a Seminar held in Abu Dhabi, United Arab Emirates, December 5-7, 1988
Author/Editor: El-Naggar, Saíd Notes: Reprinted 1993. The seminar was sponsored by the Arab Monetary Fund, the International Monetary Fund, the United Nations Development Program, and the United Nations Economic and Social Commission for Western Asia.
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 | September 15, 1987 -- Adjustment Policies and Development Strategies in the Arab World: Papers Presented at a Seminar held in Abu Dhabi, United Arab Emirates, February 16-18, 1987
Author/Editor: El-Naggar, Saíd
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 | September 15, 1987 -- Adjustment Policies and Development Strategies in the Arab World: Papers Presented at a Seminar held in Abu Dhabi, United Arab Emirates, February 16-18, 1987
Author/Editor: El-Naggar, Saíd
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