United Arab Emirates: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for United Arab Emirates

International Monetary Fund

No 2025/327, IMF Staff Country Reports from International Monetary Fund

Abstract: The 2025 Article IV Consultation highlights that United Arab Emirates (UAE) has demonstrated significant resilience to global uncertainty, regional conflicts, and lower and more volatile oil prices. Non-oil sectors, including tourism and real estate, continue to expand, while the financial system has continued to attract foreign capital and has absorbed recent market volatility well. Policies should remain agile in the face of rapidly evolving global landscape and accompanied by supportive reforms to ensure that the ongoing ambitious investment plans turn into strong and sustainable growth. This includes advancing the medium-term fiscal framework and closely monitoring real estate developments and the expanding virtual assets ecosystem, together with reforms to foster non-oil productivity, enhance competitiveness, and manage climate-related risks. The report recommends that the UAE should continue to advance non-oil diversification through investments in technology, infrastructure, and services, supported by structural reforms to boost competitiveness, innovation, and private sector growth. Progress on addressing data gaps, including with IMF Technical Assistance should also continue.

Keywords: staff report; article IV consultation discussion; fund relation; UAE economy; central bank; Financial sector stability; Real estate prices; Anti-money laundering and combating the financing of terrorism (AML/CFT); Oil; Global; Middle East; Central Asia (search for similar items in EconPapers)
Pages: 64
Date: 2025-12-08
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