United Arab Emirates : 2009 Article IV Consultation: Staff Report; Public Information Notice; and Statement by the Executive Director for United Arab Emirates

Author/Editor:

International Monetary Fund

Publication Date:

February 19, 2010

Electronic Access:

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Summary:

The United Arab Emirates (UAE) was adversely affected by a series of external and domestic shocks in 2009, including the global economic slowdown, the shutdown of international capital markets, and the impact of the bursting Dubai property bubble in mid-2008. Oil receipts plummeted, global trade and logistics contracted, as did property and construction activities. Executive Directors have welcomed the ongoing engagement with Dubai World’s creditors and stressed the importance of a speedy, orderly, cooperative, and predictable approach to debt restructuring.

Series:

Country Report No. 10/42

Subject:

English

Publication Date:

February 19, 2010

ISBN/ISSN:

9781451801248/1934-7685

Stock No:

1AREEA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

67

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