Kuwait: Staff Report for 2006 Article IV Consultation

International Monetary Fund

No 2006/132, IMF Staff Country Reports from International Monetary Fund

Abstract: Kuwait’s 2006 Article IV Consultation reports that its macroeconomic performance has been strong in recent years reflecting sharply higher oil and non-oil activity. Over the medium term, Kuwait’s financial position is projected to remain strong. The large external current account and fiscal surpluses are expected to lead to a buildup of a large stock of financial assets for future generations. However, GDP growth is expected to slow down unless the pace of structural reforms accelerates.

Keywords: ISCR; CR; budget framework; surplus; Kuwait; authority; CBK bond; oil price assumption; oil sector development; Shua'a capital Index; Oil; Oil prices; Stock markets; Monetary base; Asset prices; Global (search for similar items in EconPapers)
Pages: 52
Date: 2006-04-07
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