{
  "title": "Kuwait: From Reconstruction to Accumulation for Future Generations",
  "publication": "Occasional Papers, April 30, 1997",
  "sourceUrl": "https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/kuwait-from-reconstruction-to-accumulation-for-future-generations-2223",
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  "summary": "Kuwait has made an impressive recovery from the damage and disruptions caused by the Iraqi invasion in 1990, as evidenced by the restoration of basic economic and social services, the recovery of the oil sector, the rehabilitation of infrastructure, and the steady reduction in the fiscal and balance",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- Kuwait has made an impressive recovery from the damage and disruptions caused by the Iraqi invasion in 1990, evidenced by:\n  - restoration of basic economic and social services,\n  - recovery of the oil sector,\n  - rehabilitation of infrastructure,\n  - steady reduction in the fiscal and balance of payments deficits.\n- The paper examines recent developments in the Kuwaiti economy and discusses medium-term policy challenges: saving for future generations, strengthening the financial sector, and improving the functioning of the labor market."
    },
    {
      "heading": "Key findings and analysis",
      "content": "- Recovery indicators:\n  - Restoration of basic economic and social services.\n  - Recovery of the oil sector.\n  - Rehabilitation of infrastructure.\n  - Steady reduction in the fiscal and balance of payments deficits.\n- Medium-term policy challenges identified:\n  - Saving for future generations.\n  - Strengthening the financial sector.\n  - Improving the functioning of the labor market."
    },
    {
      "heading": "Policy implications and priorities",
      "content": "- Emphasize policies to:\n  - Accumulate resources for future generations.\n  - Reinforce financial-sector stability and resilience.\n  - Reform labor-market functioning to improve outcomes."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Authors: John F. Wilson, Susan Fennell, Nigel A. Chalk, Mohamed A. El-Erian, Alexei P Kireyev\n- Date: April 30, 1997\n- Pages: 59\n- Volume: 1997\n- Issue: 003\n- Series: Occasional Paper No. 1997/003\n- DOI: https://doi.org/10.5089/9781557756237.084\n- Stock No: S150EA0000000\n- ISBN: 9781557756237\n- ISSN: 0251-6365\n- Subject tags: Banking, Budget planning and preparation, Capital spending, Current spending, Disposable income, Expenditure, National accounts, Public financial management (PFM)\n- Keywords: Budget planning and preparation, Capital spending, Current spending, Disposable income, government, Middle East, OP, outlay, policy implication, policy instrument, policy priority, public finances, revenue, section III\n\nKuwait: From Reconstruction to Accumulation for Future Generations (Occasional Paper No. 1997/003), April 30, 1997.\n\n---\n\n\nSource: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/kuwait-from-reconstruction-to-accumulation-for-future-generations-2223"
    }
  ],
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    "Authors: John F. Wilson, Susan Fennell, Nigel A Chalk, Mohamed A. El-Erian, Alexei P Kireyev",
    "Published: April 30, 1997",
    "Series: Occasional Papers",
    "DOI: https://doi.org/10.5089/9781557756237.084",
    "Kuwait has made an impressive recovery from the damage and disruptions caused by the Iraqi invasion in 1990, evidenced by:",
    "The paper examines recent developments in the Kuwaiti economy and discusses medium-term policy challenges: saving for future generations, strengthening the financial sector, and improving the functioning of the labor market.",
    "Recovery indicators:",
    "Medium-term policy challenges identified:",
    "Emphasize policies to:",
    "Authors: John F. Wilson, Susan Fennell, Nigel A. Chalk, Mohamed A. El-Erian, Alexei P Kireyev",
    "Date: April 30, 1997",
    "Pages: 59",
    "Volume: 1997",
    "Issue: 003",
    "Series: Occasional Paper No. 1997/003",
    "DOI: https://doi.org/10.5089/9781557756237.084",
    "Stock No: S150EA0000000",
    "ISBN: 9781557756237",
    "ISSN: 0251-6365",
    "Subject tags: Banking, Budget planning and preparation, Capital spending, Current spending, Disposable income, Expenditure, National accounts, Public financial management (PFM)",
    "Keywords: Budget planning and preparation, Capital spending, Current spending, Disposable income, government, Middle East, OP, outlay, policy implication, policy instrument, policy priority, public finances, revenue, section III"
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