Kuwait: Staff Report for the 2001 Article IV Consultation

Publication Date:

July 20, 2001

Electronic Access:

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Summary:

Improved terms of trade and sound macroeconomic policies have helped strengthen Kuwait's financial situation. The government should move forcefully to implement its structural reform program. Monetary policy is rightly focused on maintaining the credibility of the pegged exchange rate arrangement and achieving price stability. The pegged exchange arrangement, open capital account, and prudent fiscal and monetary policies have served Kuwait well, keeping inflation low and reinforcing confidence in the economy. The government has been commended for maintaining a generous foreign assistance program.

Series:

Country Report No. 2001/103

Subject:

English

Publication Date:

July 20, 2001

ISBN/ISSN:

9781451822274/1934-7685

Stock No:

1KWTEA0012001

Pages:

39

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