Kuwait: Staff Report for 2006 Article IV Consultation

Volume/Issue: Volume 2006 Issue 132

Publication date: April 2006

ISBN: 9781451822342

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Economics- Macroeconomics , Money and Monetary Policy , 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

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Summary

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.