Kuwait: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kuwait
August 1, 2011
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Kuwait faced the global financial crisis from a position of strength, owing to expansionary fiscal stance. The economy is expected to grow steadily over the medium term as Kuwait continues to implement the development plan and global recovery supports demand for oil. The near-term macroeconomic policy mix is adequate. The development plan (DP) implementation should be managed carefully. The financial situation of many investment companies remains precarious. Significant progress was made in the implementation of the update recommendations, but further steps are warranted.
Subject: Banking, Commodities, Development, Development strategy, Expenditure, Income, National accounts, Oil, Oil prices, Prices
Keywords: consultation discussion, CR, Development strategy, GDP, Global, government, headline inflation, IC risk, Income, ISCR, Kuwaiti economy well, Oil, Oil prices, oil sector, price, price pressure, profitability
Pages:
60
Volume:
2011
DOI:
Issue:
217
Series:
Country Report No. 2011/217
Stock No:
1KWTEA2011001
ISBN:
9781462327447
ISSN:
1934-7685
