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Kuwait: 2023 Article IV Consultation-Press Release; and Staff Report

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  • International Monetary Fund

Abstract

Benefiting from high oil prices, Kuwait’s economic recovery continues, and the fiscal and external balances have strengthened. Inflation is contained and external buffers are increasing. However, structural challenges persist. The dominance of oil in Kuwait’s economy coupled with global decarbonization trends underscore the urgency for economic diversification and structural transformation, and the pursuit of fiscal reforms to reinforce sustainability.

Suggested Citation

  • International Monetary Fund, 2023. "Kuwait: 2023 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2023/331, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2023/331
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    Keywords

    staff appraisal; higher-than-estimated capital expenditure; oil GDP growth; Fund standard; IMF staff calculation; Oil prices; Fiscal stance; Global;
    All these keywords.

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