Kuwait: From Reconstruction to Accumulation for Future Generations

Author/Editor: Chalk, Nigel Andrew ; El-Erian, Mohamed A. ; Fennell, Susan ; Kireyev, Alexei ; Wilson, John F.
Publication Date: April 30, 1997
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 of payments deficits. This paper examines recent developments in the Kuwaiti economy and discusses the country's medium-term policy challenges of saving for future generations, strengthening the financial sector, and improving the functioning of the labor market.
Series: Occasional Paper No. 150
Subject(s): Economic policy | Kuwait | Labor markets

Publication Date: April 30, 1997
ISBN/ISSN: ISBN 1-55775-623-6 ; ISSN 0251-6365 Format: Paper
Stock No: S150EA0000000 Pages: 59
Price Delivery Note: Occasional Paper No. 150
Please address any questions about this title to publications@imf.org