Saudi Arabia is making progress with its fiscal adjustment programme designed to deal with lower oil prices since 2014 but does not need to meet its self-imposed target of eliminating the budget deficit by 2020, the IMF says in a…
Tag: Article IV
IMF forecasts Iran will be fastest-growing Gulf economy
For full coverage of business developments in Iran and the Middle East, see MEED The IMF Article IV report published today called for the Iranian government to continue counter-inflationary policies, fiscal re-balancing and job-creation measures but forecast the Islamic Republic…
IMF forecasts lower oil prices in 2016
For full coverage of Middle East business developments, see MEED The IMF has revised down its oil price forecast for 2016 in its annual Article IV report on the economy of Kuwait released today. It shows the average price of…
IMF says Kuwait’s economic outlook remains favourable
The IMF’s annual article IV consultation agreed that Kuwait’s economic outlook remained favourable and forecast that non-oil sector growth will quicken in 2015, a statement released by the fund on 9 November says. The report on the consultation forecast that…
MEED conference told IMF Kuwait Article IV report to call for new policies to increase efficiency and productivity
The MEED Kuwait Projects Conference was told this morning that the IMF’s Article IV report, due to be released early next month, will call on Kuwait’s policymakers to take steps to counter the effect of lower oil prices by boosting…
IMF says Saudi growth to continue, surplus to decline
The IMF has given Saudi Arabia another positive report following the annual Article IV consultation visit to the kingdom earlier this month. “The economic outlook in Saudi Arabia remains favorable. Growth above 4 percent is expected in 2014 and 2015,…