United Arab Emirates: 2004 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Arab Emirates

International Monetary Fund

No 2004/175, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2004 Article IV Consultation highlights that the macroeconomic performance of United Arab Emirates is estimated to have been strong in 2003, reflecting favorable developments in the oil market, higher oil production, and prices. Nonhydrocarbon real GDP growth is estimated to have remained robust at about 5 percent, one of the highest in the Gulf Cooperation Council area. Several projects were launched in 2003 in the areas of construction, upstream gas, and downstream oil services. Progress in introducing structural reforms has varied among the Emirates.

Keywords: ISCR; CR; government; authority; U.A.E. authorities; private sector; economy; economy well; government of Abu Dhabi; economic development strategy; prudent approach; CFT regime; Oil; Oil prices; Exports; Foreign assets; Global; Middle East; North Africa; Central Asia; East Africa (search for similar items in EconPapers)
Pages: 65
Date: 2004-06-29
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