Kuwait: Staff Report for the 2001 Article IV Consultation
July 20, 2001
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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.
Subject: Banking, External debt, External position, Financial markets, Fiscal policy, Foreign assets, Foreign direct investment, Labor market reforms, Public debt, Stock markets
Keywords: achieving price stability, central bank, CR, financial situation, fiscal policy, Foreign assets, IMF staff estimate, ISCR, net profit, price, price data, prudent fiscal policy, Stock markets
Pages:
39
Volume:
2001
DOI:
Issue:
103
Series:
Country Report No. 2001/103
Stock No:
1KWTEA0012001
ISBN:
9781451822274
ISSN:
1934-7685
