Kuwait: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Kuwait
Volume/Issue:
Volume 2008
Issue 191
Publication date: June 2008
ISBN: 9781451822366
$20.00
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Topics covered in this book
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Banks and Banking , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , ISCR , CR , U , S , dollar exchange rate , Kuwait , government , Kuwait's government , stock market index , exchange regime , Kuwait's competitiveness , Oil , Oil prices , Balance of payments statistics , Global
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Summary
The strong economic and financial position of Kuwait has improved further, but inflation has risen. The nation has made significant progress on the issues raised in the 2007 consultation. Kuwait’s integration into the global economy has been increasing in recent years. Global integration is underpinned by active membership in global and regional trade initiatives and an ongoing push to liberalize domestic regulations. Both the external current account and fiscal positions are projected to remain in large surplus, albeit at declining levels owing to the high import intensity of the planned investment projects.
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