Qatar: Staff Report for the 2011 Article IV Consultation

International Monetary Fund

No 2012/018, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2011 Article IV Consultation highlights that Qatar is using its fiscal space, generated from an increase in hydrocarbon production and prices, to implement a large public spending program. Large infrastructure investments are expected to sustain strong growth of 9 percent to 10 percent in the nonhydrocarbon sector in the medium term. The potential inflationary effect of the recent fiscal package is estimated to be about 1 percentage point. This underscores the need for fiscal policy to monitor aggregate demand and for the Qatar Central Bank to manage liquidity.

Keywords: ISCR; CR; balance of payments; Qatar; balance of payments statistics; debt; headline inflation; real gross domestic product; financial asset; foreign currency; GDDS summary table II; manpower planning exercise; financial market; Qatari riyal; Commercial banks; Fiscal stance; Global; Middle East; North Africa; East Africa (search for similar items in EconPapers)
Pages: 65
Date: 2012-01-31
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