## Kuwait: From Reconstruction to Accumulation for Future Generations

_Occasional Papers, April 30, 1997_

## Source details

**Canonical URL:** [Kuwait: From Reconstruction to Accumulation for Future Generations](https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/kuwait-from-reconstruction-to-accumulation-for-future-generations-2223)

## Other formats

- [Markdown version](/en/publications/occasional-papers/issues/2016/12/30/kuwait-from-reconstruction-to-accumulation-for-future-generations-2223/index.md)
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## Bibliographic details
- 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

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### Executive summary
- Kuwait has made an impressive recovery from the damage and disruptions caused by the Iraqi invasion in 1990, evidenced by:
  - restoration of basic economic and social services,
  - recovery of the oil sector,
  - rehabilitation of infrastructure,
  - steady reduction in the fiscal and balance of payments deficits.
- 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.

### Key findings and analysis
- Recovery indicators:
  - Restoration of basic economic and social services.
  - Recovery of the oil sector.
  - Rehabilitation of infrastructure.
  - Steady reduction in the fiscal and balance of payments deficits.
- Medium-term policy challenges identified:
  - Saving for future generations.
  - Strengthening the financial sector.
  - Improving the functioning of the labor market.

### Policy implications and priorities
- Emphasize policies to:
  - Accumulate resources for future generations.
  - Reinforce financial-sector stability and resilience.
  - Reform labor-market functioning to improve outcomes.

### Publication and metadata
- 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

*Kuwait: From Reconstruction to Accumulation for Future Generations (Occasional Paper No. 1997/003), April 30, 1997.*

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_Source: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/kuwait-from-reconstruction-to-accumulation-for-future-generations-2223_