Kuwait: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 234

Publication date: July 2005

ISBN: 9781451822335

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Topics covered in this book

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Banks and Banking , Finance , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , Kuwait , GCC country , lending rate ceiling , ceiling , rate , policy challenge , ceilings in Kuwait , stock market capitalization , Stock markets , Interest rate ceilings , Fiscal stance , Fiscal sustainability , East Asia , Global , Middle East , North Africa , East Africa

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Summary

This Selected Issues paper on Kuwait reviews its economic development strategy and uses a variety of analytical methods to highlight Kuwait’s policy challenges and their effectiveness. Kuwait has accumulated large fiscal surpluses, enabling it to build up a sizable asset position for future generations. The fiscal position is also expected to remain comfortable over the medium term, but the recent rapid increase in expenditures raises doubts about the sustainability of the current fiscal stance over the longer term.