IMF Staff Country Reports

Kuwait: 2023 Article IV Consultation-Press Release; and Staff Report

Publication Date:

September 18, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Benefiting from high oil prices, Kuwait’s economic recovery continues, and the fiscal and external balances have strengthened. Inflation is contained and external buffers are increasing. However, structural challenges persist. The dominance of oil in Kuwait’s economy coupled with global decarbonization trends underscore the urgency for economic diversification and structural transformation, and the pursuit of fiscal reforms to reinforce sustainability.

Series:

Country Report No. 2023/331

Subject:

Expenditure Fiscal policy Fiscal stance International organization Monetary policy Oil prices Prices Revenue administration

Frequency:

regular