United Arab Emirates : Selected Issues

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

August 3, 2016

Electronic Access:

Free Full text (PDF file size is 1076 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper discusses performance and risks posed by government-related entities (GREs) in the United Arab Emirates (UAE). GREs continue to be a major source of growth and development for the UAE, but they also pose significant fiscal and financial risks. GREs’ debt remains high in the UAE, although it is declining and remains actively managed. To mitigate GREs’ risks, the authorities should build on recent progress and develop an integrated approach, including implementing prudent fiscal policies, enhancing macro- and microprudential frameworks, controlling GREs’ borrowing and integrating them into the public debt management framework, and further strengthening corporate governance and transparency.

Series:

Country Report No. 16/266

Subject(s):

English

Publication Date:

August 3, 2016

ISBN/ISSN:

9781475522075/1934-7685

Stock No:

1AREEA2016002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

52

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