Qatar: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Qatar
IMF Staff Country Reports, January 8, 2008
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- Qatar: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Qatar
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Bibliographic details
- Published: January 8, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451832617.002
Fiscal position and public revenue
- Budget revenue in FY2006/07 amounted to 42 percent of GDP.
- Hydrocarbon revenue mirrored rising oil prices.
External sector
- The current account recorded a surplus of about 31 percent of GDP in 2006.
Monetary conditions and inflation
- Monetary conditions were characterized by ample liquidity and strong credit growth.
- As of June 2007, annualized inflation was estimated to have risen to 13 percent, compared with 12 percent during 2006.
Medium-term outlook (2008–12)
- Qatar’s medium-term (2008–12) outlook is favorable.
Financial sector reform challenge
- Designing a credible transition plan to implement the vision of a single financial market will be challenging.