Kuwait: 2023 Article IV Consultation-Press Release; and Staff Report
Electronic Access:
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Summary:
Benefiting from high oil prices, Kuwait’s economic recovery continues, and the fiscal and external balances have strengthened. Inflation is contained and external buffers are increasing. However, structural challenges persist. The dominance of oil in Kuwait’s economy coupled with global decarbonization trends underscore the urgency for economic diversification and structural transformation, and the pursuit of fiscal reforms to reinforce sustainability.
Series:
Country Report No. 2023/331
Subject:
Expenditure Fiscal policy Fiscal stance International organization Monetary policy Oil prices Prices Revenue administration
Frequency:
regular
English
Publication Date:
September 18, 2023
ISBN/ISSN:
9798400254680/1934-7685
Stock No:
1KWTEA2023001
Format:
Paper
Pages:
83
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