United Arab Emirates: Staff Report for the 2012 Article IV Consultation

May 18, 2012

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United Arab Emirates: Staff Report for the 2012 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed December 22, 2024

Also available in: العربية

Summary

This 2012 Article IV Consultation highlights that the economic recovery in the United Arab Emirates is continuing despite the uncertain global economic environment. The banking sector has remained well capitalized and profitable, despite a continued rise in nonperforming loans and higher provisioning. Executive Directors have welcomed the continued economic recovery and favorable near-term outlook, but noted downside risks from the uncertain global environment. Directors have encouraged the authorities to continue their efforts to sustain growth and diversify the economy, while maintaining macroeconomic and financial stability.

Subject: Banking, Commercial banks, Financial institutions, Fiscal policy, Fiscal stance, Nonperforming loans, Oil prices, Prices, Public debt

Keywords: Asia and Pacific, Commercial banks, CR, Debt, Dubai World debt restructuring, Emirate government, Financial crisis well, Fiscal stance, Global, Government, Government-related entities, GRE debt, ISCR, Nonperforming loans, Oil prices, Policy, South Asia

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/116
Stock No:

1AREEA2012001
ISBN:

9781475503692
ISSN:

1934-7685

Notes

Also Available in Arabic

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