Kuwait: Staff Report for the 2003 Article IV Consultation

International Monetary Fund

No 2004/186, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the 2003 Article IV Consultation on Kuwait highlights the economic developments and policies. The macroeconomic position over the medium term under current oil price expectations and the maintenance of a cautious policy stance is projected to weaken, but is not expected to pose sustainability issues. The implementation of the official reform program should be accelerated to further strengthen the fiscal position and create the institutional and legal environment needed for promoting private investment.

Keywords: ISCR; CR; Kuwaiti dinar; government; economy; surplus; Kuwaiti economy; deposit rate differential; foreign direct investment law; revenue side; household expenditure survey; stock market-ha; IMF staff estimate; Oil prices; Fiscal stance; Foreign assets; Global (search for similar items in EconPapers)
Pages: 63
Date: 2004-07-12
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