Kuwait: Staff Report for the 2001 Article IV Consultation
IMF Staff Country Reports, July 20, 2001
Source details
- Canonical URL
- Kuwait: Staff Report for the 2001 Article IV Consultation
Other formats
Bibliographic details
- Published: July 20, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822274.002
Macroeconomic and financial findings
- Improved terms of trade and sound macroeconomic policies have helped strengthen Kuwait's financial situation.
- The pegged exchange arrangement, open capital account, and prudent fiscal and monetary policies have kept inflation low and reinforced confidence in the economy.
- The government has been commended for maintaining a generous foreign assistance program.
Monetary policy and exchange rate
- Monetary policy is focused on maintaining the credibility of the pegged exchange rate arrangement and achieving price stability.
- The pegged exchange arrangement and open capital account are cited as key anchors supporting macroeconomic stability.
Structural reform recommendations
- The government should move forcefully to implement its structural reform program.
Other substantive topics covered (as listed)
- Banking
- External debt
- External position
- Financial markets
- Fiscal policy
- Foreign assets
- Foreign direct investment
- Labor market reforms
- Public debt
- Stock markets
Keywords and analytical emphasis
- 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