Qatar: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Qatar
IMF Staff Country Reports, February 24, 2025
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- Qatar: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Qatar
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Bibliographic details
- Published: February 24, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229001069.002
Summary and Key Findings
- Growth normalization after the 2022 FIFA World Cup continued with signs of activities strengthening more recently.
- Fiscal and external surpluses softened mainly due to lower hydrocarbon prices.
- Banks are healthy but pockets of vulnerabilities remain.
- Near-term growth is expected to strengthen gradually.
- The medium-term outlook is more favorable, bolstered by massive liquid natural gas production expansion and reform gains.
- Fiscal and external surpluses will likely remain but moderate.
- The authorities’ commitment to continued fiscal prudence is welcome.
- The currency peg continues to serve the country well.
- Efforts to strengthen liquidity management are welcome and should be guided by the recent IMF technical assistance.
- Successful Third National Development Strategy implementation requires proper reform prioritization and inter-agency coordination.
Growth and Outlook
- Near-term: Growth is expected to strengthen gradually.
- Medium-term: Outlook is more favorable due to massive liquid natural gas production expansion and reform gains.
Fiscal and External Position
- Fiscal surpluses: Softer, mainly because of lower hydrocarbon prices.
- External surpluses: Softer, mainly because of lower hydrocarbon prices.
- Outlook: Fiscal and external surpluses will likely remain but moderate.
Financial Sector and Liquidity Management
- Banking sector: Banks are healthy but pockets of vulnerabilities remain.
- Liquidity management: Efforts to strengthen liquidity management are welcome and should be guided by the recent IMF technical assistance.
Policy and Reform Priorities
- Fiscal policy: Continued fiscal prudence is welcomed by the IMF staff.
- Exchange rate policy: The currency peg continues to serve the country well.
- Development strategy: Successful Third National Development Strategy implementation requires proper reform prioritization and inter-agency coordination.
Subject Matter and Keywords (as listed)
- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Capital spending, Crime, Economic sectors, Expenditure, Public sector
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Capital spending, Global, headline inflation, holdings of SDR, hydrocarbon price, Public sector, Qatar national, Qatari economy well
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