Kuwait: 2009 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, May 18, 2009
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- Kuwait: 2009 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: May 18, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822380.002
Summary of economic performance (2008)
- Kuwait’s economy continued to perform strongly in 2008, although signs of weakness emerged in the second half of the year.
- The authorities’ key challenge in the near term is to preserve financial stability and cushion the impact of the global slowdown.
Executive Directors’ assessment and recommendations
- Executive Directors commended the Kuwaiti authorities’ prudent macroeconomic policies, which have contributed to:
- robust economic growth,
- strong fiscal positions,
- strong external positions.
- Directors called for strengthening oversight of risk management practices by ensuring adequate policies and procedures for identifying, monitoring, and controlling systemic risk in the financial system.
Subjects and keywords (as provided)
- Subject: Banking, Commodities, Credit, Financial sector policy and analysis, Financial sector stability, Foreign assets, Money, National accounts, Oil, Oil prices, Prices
- Keywords: a number of investment companies, asset price deflation, budgetary allocation, capital injection, CR, Credit, Financial sector stability, Global, investment company, ISCR, Oil, Oil prices, price, spending cutback, staff appraisal