## Kuwait: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait

_IMF Staff Country Reports, December 2, 2015_

## Source details

**Canonical URL:** [Kuwait: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait](https://www.imf.org/en/publications/cr/issues/2016/12/31/kuwait-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43429)

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## Bibliographic details
- Published: December 2, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513559322.002

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### Overview
- Publication date: December 2, 2015
- Format note: IMF Staff Country Reports 2015, 327 (2015)
- Pages: 61
- DOI: https://doi.org/10.5089/9781513559322.002
- Issue: 327
- Series: Country Report No. 2015/327
- Stock No: 1KWTEA2015001
- ISBN: 9781513559322
- ISSN: 1934-7685
- Subjects listed: Banking, Energy prices, Financial institutions, Inflation, Loans, Oil prices, Prices, Real estate prices
- Keywords listed: a number of investment companies, authority, CR, Energy prices, Global, Inflation, investment company, ISCR, Kuwaiti dinar, labor market information system, Loans, oil price decline, Oil prices, Real estate prices, staff recommendation

### Key findings and projections
- Decline in oil prices has adversely affected Kuwait’s fiscal and current account balances and slowed growth in 2014–15.
- Real non-oil GDP growth is projected to:
  - slow in 2015 and 2016
  - pick up to 4 percent in the medium term
- Fiscal and external positions are projected to:
  - deteriorate further in 2015 and 2016
  - improve somewhat over the medium term as oil prices and production recover partially

### Analysis highlights
- The report links lower oil prices directly to weaker fiscal balances and current account outcomes during 2014–15.
- Growth dynamics distinguish between oil-sector developments and non-oil activity; non-oil growth is specifically projected to slow in 2015–2016 before returning to 4 percent in the medium term.
- The expected medium-term improvement in fiscal and external positions is conditional on a partial recovery in oil prices and oil production.

### Policy recommendations and commentary in the supplied text
- The supplied content summarizes projections and assessments but does not list explicit policy prescriptions beyond noting that government investment in infrastructure and private investment are expected to support the medium-term pickup in non-oil growth.

*Source: Kuwait: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait (December 2, 2015). DOI: https://doi.org/10.5089/9781513559322.002*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/kuwait-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43429_