European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Context; Text Table; Financial and Corporate Sector Performance; Figures; 1. Economic Context; 2. Macro and Financial Developments in the GCC Countries; 3. Financial Sector Conditions; 4. Government Response to the Economic and Financial Developments; II. Economic Outlook; 5. Macroeconomic Outlook, 2009-11; 6. Allocation of Banks's Assets; Boxes; 1. Investment Companies-A Tale of Two Restructurings; III. Risks to the Outlook and Vulnerabilities; IV. Policy Issues; A. Strategy for Sustained Economic Growth; 2. Vulnerabilities of the Nonfinancial Corporate Sector
Literary Form
non fiction
"July 2010."
Physical Description
1 online resource (45 p.)
Specific Material Designation
Form Of Item

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