Qatar: 2019 Article IV Consultation-Press Release; Staff Report
IMF Staff Country Reports, June 3, 2019
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- Qatar: 2019 Article IV Consultation-Press Release; Staff Report
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Bibliographic details
- Published: June 3, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498317801.002
Near-term and medium-term growth prospects
- Stronger real gross domestic product (GDP) growth is envisaged in the near term, with a recovery in hydrocarbon output.
- Medium-term growth will be buoyed by increased gas production and non-hydrocarbon growth.
- Ample liquidity will enable credit growth to support non-hydrocarbon GDP.
Fiscal and external positions
- Expenditure consolidation would help to sustain fiscal and external surpluses.
- Trade and geopolitical tensions could undermine investor confidence and weaken fiscal and external positions.
Financial sector assessment and stability
- The financial sector remains sound, underpinned by strong profitability and capital.
- Strengthening the regulatory and supervisory frameworks would help to bolster financial stability.
- Enhancing resiliency of the financial sector is identified as a policy priority.
Policy priorities and reforms
- Fiscal consolidation.
- Strengthened fiscal policy frameworks.
- Enhanced resiliency of the financial sector.
- Financial inclusion.
- Diversified economy.
- Attention to women’s empowerment by introducing legislation emphasizing equality in remuneration and avoiding gender-based discrimination to support inclusive growth.
Risks and external factors
- Trade tensions and geopolitical tensions pose downside risks by potentially undermining investor confidence and weakening fiscal and external positions.
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