United Arab Emirates: Selected Issues

August 3, 2016

Preview Citation

Format: Chicago

United Arab Emirates: Selected Issues, (USA: International Monetary Fund, 2016) accessed December 26, 2024

Summary

This Selected Issues paper discusses performance and risks posed by government-related entities (GREs) in the United Arab Emirates (UAE). GREs continue to be a major source of growth and development for the UAE, but they also pose significant fiscal and financial risks. GREs’ debt remains high in the UAE, although it is declining and remains actively managed. To mitigate GREs’ risks, the authorities should build on recent progress and develop an integrated approach, including implementing prudent fiscal policies, enhancing macro- and microprudential frameworks, controlling GREs’ borrowing and integrating them into the public debt management framework, and further strengthening corporate governance and transparency.

Subject: Banking, Bonds, Exports, Financial institutions, Financial regulation and supervision, Financial services, International trade, Liquidity requirements, Oil prices, Prices, Short term interest rates

Keywords: Asia and Pacific, Asset quality, Bank, Bank customer, Bonds, Containing GRE borrowing, CR, Debt, Europe, Export diversification index, Exports, Global, GRE debt, ISCR, Liquid asset, Liquidity requirements, Middle East, Oil prices, Price, Return on assets, Short term interest rates, UAE growth model

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/266
Stock No:

1AREEA2016002
ISBN:

9781475522075
ISSN:

1934-7685

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