Kuwait: From Reconstruction to Accumulation for Future Generations

John Wilson, Susan Fennell, Nigel Chalk, Mohamed El-Erian and Alexei Kireyev ()

No 1997/003, IMF Occasional Papers from International Monetary Fund

Abstract: Kuwait has made an impressive recovery from the damage and disruptions caused by the Iraqi invasion in 1990, as evidenced by the restoration of basic economic and social services, the recovery of the oil sector, the rehabilitation of infrastructure, and the steady reduction in the fiscal and balance of payments deficits. This paper examines recent developments in the Kuwaiti economy and discusses the country's medium-term policy challenges of saving for future generations, strengthening the financial sector, and improving the functioning of the labor market.

Keywords: OP; outlay; policy priority; government; revenue; policy instrument; policy implication; public finances; section III; Capital spending; Current spending; Disposable income; Budget planning and preparation; Middle East (search for similar items in EconPapers)
Pages: 59
Date: 1997-04-30
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=2223 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfops:1997/003

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Occasional Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().