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Kuwait: From Reconstruction to Accumulation for Future Generations

Author

Listed:
  • Mr. John F. Wilson
  • Ms. Susan Fennell
  • Mr. Nigel A Chalk
  • Mr. Mohamed A. El-Erian
  • Mr. Alexei P Kireyev

Abstract

Kuwait has made an impressive recovery from the damage and disruptions caused by the Iraqi invasion in 1990, as evidenced by the restoration of basic economic and social services, the recovery of the oil sector, the rehabilitation of infrastructure, and the steady reduction in the fiscal and balance of payments deficits. This paper examines recent developments in the Kuwaiti economy and discusses the country's medium-term policy challenges of saving for future generations, strengthening the financial sector, and improving the functioning of the labor market.

Suggested Citation

  • Mr. John F. Wilson & Ms. Susan Fennell & Mr. Nigel A Chalk & Mr. Mohamed A. El-Erian & Mr. Alexei P Kireyev, 1997. "Kuwait: From Reconstruction to Accumulation for Future Generations," IMF Occasional Papers 1997/003, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1997/003
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    Citations

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    Cited by:

    1. Tsani, Stella, 2013. "Natural resources, governance and institutional quality: The role of resource funds," Resources Policy, Elsevier, vol. 38(2), pages 181-195.
    2. Taguchi, Hiroyuki & Ganbayar, Javkhlan, 2022. "An econometric study on the classification and effectiveness of natural resource funds," MPRA Paper 114392, University Library of Munich, Germany.
    3. Basher, Syed Abul, 2010. "Has the non-oil sector decoupled from oil sector? A case study of Gulf Cooperation Council Countries," MPRA Paper 21059, University Library of Munich, Germany.
    4. Amer Bisat, 1997. "Growth, Investment, and Savings in the Arab Economies," IMF Working Papers 1997/085, International Monetary Fund.
    5. Hiroyuki Taguchi & Javkhlan Ganbayar, 2022. "Natural Resource Funds: Their Objectives and Effectiveness," Sustainability, MDPI, vol. 14(17), pages 1-20, September.
    6. Auty, Richard M., 2001. "The political state and the management of mineral rents in capital-surplus economies: Botswana and Saudi Arabia," Resources Policy, Elsevier, vol. 27(2), pages 77-86, June.

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