IMF Staff Country Reports

Kuwait: Staff Report for the 2003 Article IV Consultation

Publication Date:

July 12, 2004

Electronic Access:

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Summary:

The staff report for the 2003 Article IV Consultation on Kuwait highlights the economic developments and policies. The macroeconomic position over the medium term under current oil price expectations and the maintenance of a cautious policy stance is projected to weaken, but is not expected to pose sustainability issues. The implementation of the official reform program should be accelerated to further strengthen the fiscal position and create the institutional and legal environment needed for promoting private investment.

Series:

Country Report No. 2004/186

Subject:

Banking External position Fiscal policy Fiscal stance Foreign assets National accounts Oil prices Prices