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…
Tag: IMF
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…
Abu Dhabi water and electricity price rises change face of the local economy
Higher electricity prices for everyone, charges for water consumption by Abu Dhabi nationals and a stinging increase in power use by industry during peak hours in summer are among the features of the most sweeping change in modern history in…
IMF says Kuwait’s growth has accelerated in 2014
The IMF in its annual Article IV report said Kuwait’s growth has quickened in 2014 and that the Kuwaiti economy will continue to record substantial budget and balance of payments surpluses. GDP at current prices is forecast to grow by…
IMF calls for action to contain subsidies in Middle East countries
The IMF called for action across the Middle East to reduce generalised subsidies and direct government assistance to the poor and vulnerable in a report published on 10 July. The report – Subsidy Reform in the Middle East & North…
IMF says UAE economy strong, inflation rising, Dubai debts now $142bn
The Article IV consultation staff report on the UAE published on 3 July 2014 says the UAE economy is robust, its surpluses will continue but inflation could hit 5 per cent by the end of the decade. Dubai’s government debts are…
Syria, Egypt and Iraq affecting Jordanian economy: IMF
Events in neighbouring countries are creating a challenging environment for Jordan which is nevertheless expected to record higher growth and lower inflation in 2014, according to a statement issued on 23 June following an IMF mission to the kingdom. “Jordan’s…
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,…
IMF forecasts Omani growth to be 5.5 per cent in 2014
Oman’s real GDP growth was 5.5 per cent in 2013 and will remain at this level in 2014, according to an IMF statement released earlier in May following an IMF mission to the sultanate. “Fiscal and external sectors are estimated…
IMF report highlights high unemployment in key Arab states
The IMF Survey published on 16 May contained fresh confirmation of the shockingly high unemployment in key Arab states. The survey reports unemployment in the Middle East and North Africa is among the highest in the world. It is also largely…