United Arab Emirates : Staff Report for the 2012 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

May 18, 2012

Electronic Access:

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Summary:

This 2012 Article IV Consultation highlights that the economic recovery in the United Arab Emirates is continuing despite the uncertain global economic environment. The banking sector has remained well capitalized and profitable, despite a continued rise in nonperforming loans and higher provisioning. Executive Directors have welcomed the continued economic recovery and favorable near-term outlook, but noted downside risks from the uncertain global environment. Directors have encouraged the authorities to continue their efforts to sustain growth and diversify the economy, while maintaining macroeconomic and financial stability.

Series:

Country Report No. 12/116

Subject:

Notes:

Also Available in Arabic

English

Publication Date:

May 18, 2012

ISBN/ISSN:

9781475503692/1934-7685

Stock No:

1AREEA2012001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

47

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