Kuwait: 2009 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

May 18, 2009

Preview Citation

Format: Chicago

Kuwait: 2009 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2009) accessed December 23, 2024

Summary

Kuwait’s economy continued to perform strongly in 2008, although signs of weakness emerged in the second half of the year. The authorities’ key challenge in the near term is to preserve financial stability and cushion the impact of the global slowdown. Executive Directors have commended the Kuwaiti authorities’ prudent macroeconomic policies, which have contributed to robust economic growth, strong fiscal and external positions. Directors have also called for strengthening oversight of risk management practices by ensuring adequate policies and procedures for identifying, monitoring, and controlling systemic risk in the financial system.

Subject: Banking, Commodities, Credit, Financial sector policy and analysis, Financial sector stability, Foreign assets, Money, National accounts, Oil, Oil prices, Prices

Keywords: A number of investment companies, Asset price deflation, Budgetary allocation, Capital injection, CR, Credit, Financial sector stability, Global, Investment company, ISCR, Oil, Oil prices, Price, Spending cutback, Staff appraisal

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/152
Stock No:

1KWTEA2009001
ISBN:

9781451822380
ISSN:

1934-7685

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