Qatar: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Qatar

International Monetary Fund

No 2008/005, IMF Staff Country Reports from International Monetary Fund

Abstract: Budget revenue in FY2006/07 amounted to 42 percent of GDP, with hydrocarbon revenue mirroring rising oil prices. The current account recorded a surplus of about 31 percent of GDP in 2006. Monetary conditions were characterized by ample liquidity and strong credit growth. Qatar’s medium-term (2008–12) outlook is favorable. As of June 2007, annualized inflation was estimated to have risen to 13 percent, compared with 12 percent during 2006. Designing a credible transition plan to implement the vision of a single financial market will be challenging.

Keywords: ISCR; CR; WEO oil price; surplus; WEO baseline; projection; GDP; oil price increase; gas reserve; fund staff estimate; oil prices outlook; Oil prices; Oil; Inflation; Global (search for similar items in EconPapers)
Pages: 51
Date: 2008-01-08
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