## Kuwait: 2025 Article IV Consultation-Press Release; and Staff Report

_IMF Staff Country Reports, February 24, 2026_

## Source details

**Canonical URL:** [Kuwait: 2025 Article IV Consultation-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2026/02/24/kuwait-2025-article-iv-consultation-press-release-and-staff-report-574216)

## Other formats

- [Markdown version](/en/publications/cr/issues/2026/02/24/kuwait-2025-article-iv-consultation-press-release-and-staff-report-574216/index.md)
- [Structured JSON version](/en/publications/cr/issues/2026/02/24/kuwait-2025-article-iv-consultation-press-release-and-staff-report-574216/index.json)
- [Bundle manifest](/en/publications/cr/issues/2026/02/24/kuwait-2025-article-iv-consultation-press-release-and-staff-report-574216/bundle-manifest.json)

## Bibliographic details
- Published: February 24, 2026
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229039727.002

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### Summary
- Kuwait has started the transition from an oil dependent welfare state towards a dynamic and diversified economy.
- Reform momentum has been building, starting with enactment of the Financing and Liquidity Law.
- Alongside a public investment scale-up, the authorities are working on wide-ranging fiscal and structural reforms, including to energy subsidies and mortgage lending.

### Key findings and analysis
- Transition objective:
  - Move from an "oil dependent welfare state" to a "dynamic and diversified economy."
- Recent reform steps:
  - Enactment of the Financing and Liquidity Law marked the start of reform momentum.
- Policy focus areas:
  - Public investment scale-up.
  - Fiscal reforms, including changes to energy subsidies.
  - Structural reforms, including changes to mortgage lending.

### Policy recommendations and reform priorities
- Sustain and deepen reform momentum initiated by the Financing and Liquidity Law.
- Prioritize effective public investment scale-up while maintaining fiscal sustainability.
- Implement wide-ranging fiscal reforms, with attention to:
  - Energy subsidy reform.
- Advance structural reforms to support diversification, with attention to:
  - Mortgage lending measures to deepen financial intermediation and support private sector activity.

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## Content in this bundle

- **1kwtea2026001-source-pdf**
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_Source: https://www.imf.org/en/publications/cr/issues/2026/02/24/kuwait-2025-article-iv-consultation-press-release-and-staff-report-574216_