United Arab Emirates: Staff Report for the 2012 Article IV Consultation
Electronic Access:
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Summary:
This 2012 Article IV Consultation highlights that the economic recovery in the United Arab Emirates is continuing despite the uncertain global economic environment. The banking sector has remained well capitalized and profitable, despite a continued rise in nonperforming loans and higher provisioning. Executive Directors have welcomed the continued economic recovery and favorable near-term outlook, but noted downside risks from the uncertain global environment. Directors have encouraged the authorities to continue their efforts to sustain growth and diversify the economy, while maintaining macroeconomic and financial stability.
Series:
Country Report No. 2012/116
Subject:
Banking Commercial banks Financial institutions Fiscal policy Fiscal stance Nonperforming loans Oil prices Prices Public debt
Notes:
English
Publication Date:
May 18, 2012
ISBN/ISSN:
9781475503692/1934-7685
Stock No:
1AREEA2012001
Pages:
47
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