IMF Staff Country Reports

United Arab Emirates: 2021 Article IV Consultation-Press Release; and Staff Report

Publication Date:

February 17, 2022

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

A swift policy response helped mitigate the economic impact of the twin COVID-19 and oil price shocks and contain the initial spread of the virus. A gradual recovery driven by the non-oil sector is underway, following a deep recession in 2020. Fiscal and external balances have improved with recent oil price increases. The UAE is among the world leaders in delivering vaccinations, with nearly 85 percent of the population fully vaccinated as of October 2021.

Series:

Country Report No. 2022/050

Subject:

Expenditure Financial institutions Financial sector policy and analysis Financial sector stability Fiscal policy International organization Loans Monetary policy Oil prices Prices

Frequency:

regular