United Arab Emirates: 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Arab Emirates
July 14, 2006
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An outward-oriented development strategy and prudent financial policies resulted in an impressive economic growth and led to a large accumulation of external financial assets. The major Emirates intend to leverage the favorable economic environment to carry out reforms that will encourage more private sector participation. Owing to the complexities of interlinkages between financial and real sectors, broad and proper information is needed to allow comprehensive economic development. As a result of deficient data, significant constraints on economic monitoring, analysis, and policy formulation are imposed.
Subject: Commercial banks, Expenditure, Financial institutions, Financial markets, Fiscal policy, Oil prices, Prices, Stock markets
Keywords: Asia and Pacific, central bank of the U.A.E., Commercial banks, CR, East Africa, Global, ISCR, joint stock, joint stock company, Middle East, North Africa, Oil prices, share, shares of company, staff appraisal, Stock markets, U.A.E. economy
Pages:
61
Volume:
2006
DOI:
Issue:
257
Series:
Country Report No. 2006/257
Stock No:
1AREEA2006002
ISBN:
9781451801163
ISSN:
1934-7685
