Kuwait: 2009 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2009/152, IMF Staff Country Reports from International Monetary Fund

Abstract: Kuwait’s economy continued to perform strongly in 2008, although signs of weakness emerged in the second half of the year. The authorities’ key challenge in the near term is to preserve financial stability and cushion the impact of the global slowdown. Executive Directors have commended the Kuwaiti authorities’ prudent macroeconomic policies, which have contributed to robust economic growth, strong fiscal and external positions. Directors have also called for strengthening oversight of risk management practices by ensuring adequate policies and procedures for identifying, monitoring, and controlling systemic risk in the financial system.

Keywords: ISCR; CR; investment company; spending cutback; capital injection; price; staff appraisal; budgetary allocation; asset price deflation; a number of investment companies; Oil prices; Financial sector stability; Oil; Credit; Global (search for similar items in EconPapers)
Pages: 42
Date: 2009-05-18
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