Kuwait: 2010 Article IV Consultation: Staff Report and Public Information Notice on the Executive Board Discussion

July 29, 2010

Preview Citation

Format: Chicago

Kuwait: 2010 Article IV Consultation: Staff Report and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed November 22, 2024

Summary

Kuwait’s economy was affected significantly by the global crisis. The financial sector experienced funding pressures and deterioration in asset quality. The economic outcome depends largely on government spending and the associated private investment. Stress tests indicate that the banking system can withstand shocks. The macroeconomic policy mix is adequate, but growth of current expenditures should be contained. Successful implementation of the growth agenda requires progress in structural reforms. The financial system’s oversight framework should be strengthened. The household debt relief law can undermine the financial culture.

Subject: Banking, Commodities, Expenditure, Financial sector policy and analysis, Financial sector stability, Income, National accounts, Oil

Keywords: A number of investment companies, Article IV consultation, Broad money, CR, Debt relief, Exchange rate, Financial sector stability, GDP, Global, Income, Investment company, ISCR, Kuwait, Oil, Real gross domestic product, U.S. dollar

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/236
Stock No:

1KWTEA2010002
ISBN:

9781455204861
ISSN:

1934-7685

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