Qatar: 2009 Article IV Consultation-Staff Report; and Public Information Notice
IMF Staff Country Reports, February 17, 2010
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- Qatar: 2009 Article IV Consultation-Staff Report; and Public Information Notice
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Bibliographic details
- Published: February 17, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451832662.002
Summary and Key Findings
- The staff report describes economic development and policies for Qatar in the context of 2009.
- The underlying strength of the economy derived from Qatar’s hydrocarbon revenues.
- Timely and decisive intervention by the government in the banking system helped to limit the impact of the global crisis and maintain financial stability.
- A cornerstone of Qatar’s strategy is commitment to diversify the economy by building related industries around the full liquefied natural gas value-chain and linking upstream, midstream, and downstream components.
Economic Strength and Financial Stability
- Hydrocarbon revenues are identified as the underlying source of economic strength.
- Government intervention in the banking system is credited with helping to limit the impact of the global crisis and maintain financial stability.
Diversification Strategy
- Emphasis on diversifying the economy by building related industries around the full liquefied natural gas value-chain.
- Strategy includes linking upstream, midstream, and downstream components to broaden the economic base.
Subject Areas and Keywords
- Subject: Balance of payments statistics, Banking, Commercial banks, Debt service, Economic and financial statistics, External debt, Financial institutions, Public debt
- Keywords: Balance of payments statistics, Commercial banks, CR, debt, Debt service, East Africa, exchange rate, financial asset, GDDS summary table II, Global, government, growth performance, growth strategy, ISCR, labor market survey, Middle East, North Africa, price, Qatar, Qatari riyal