Qatar: Selected Issues
IMF Staff Country Reports, February 7, 2024
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Bibliographic details
- Published: February 7, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400267321.002
Overview
- Purpose: Identify key reforms to accelerate Qatar’s economic transformation, estimate their impact, and shed light on the design of a comprehensive reform agenda.
- Structure: Takes stock of progress in key reforms, identifies areas for further improvement, proposes structural reform measures, estimates impacts of key proposed reforms, and provides principles on prioritization and sequencing.
- Context: Qatar’s state-led, hydrocarbon intensive growth model has delivered rapid growth and substantial improvements in living standards over the past several decades. Guided by the National Vision 2030, an economic transformation is underway toward a more dynamic, diversified, knowledge-based, sustainable, and private sector-led growth model.
Key findings
- Labor market reforms could bring substantial benefits, particularly reforms related to increasing the share of skilled foreign workers.
- Reforms to improve the business environment, such as improving access to finance, could have large growth impact.
- A comprehensive, well-integrated, and properly sequenced reform package that exploits complementarities across reforms could boost Qatar’s potential growth significantly.
Policy recommendations and reform areas
- Labor market:
- Increase share of skilled foreign workers.
- Implement labor market reforms that enhance labor force participation and labor market dynamics.
- Business environment:
- Improve access to finance to support private sector-led growth and diversification.
- Continue measures that foster a more dynamic and knowledge-based private sector.
- Reform design and sequencing:
- Prioritize reforms to exploit complementarities (for example, coordinated labor and finance measures).
- Ensure reforms are comprehensive, well-integrated, and properly sequenced to maximize impact on potential growth.
Analytical emphasis
- The paper estimates impacts of proposed structural reforms and provides principles on the prioritization and sequencing of reforms.
- Focused sectors and themes include Climate finance, Education, Environment, Gender, Labor, Monetary policy, and Women.
International Monetary Fund. Middle East and Central Asia Dept. "Qatar: Selected Issues", IMF Staff Country Reports 2024, 044 (2024).
Content in this bundle
- Qatar: Selected Issues; IMF Country Report No. 24/44; January 11, 2024