Download or read book Qatar 2022 Article IV Consultation Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-21 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Swift and decisive policy response to the Covid-19 pandemic has helped to mitigate the health and economic impact of the crisis. Fast vaccination rollout has also strengthened the economy’s resilience to new pandemic waves, paving the way for a speedy recovery. As the economy rebounds, a gradual exit from pandemic support measures is underway.
Download or read book Qatar written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2024-02-07 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: After very strong economic performance in 2022, boosted by the successful hosting of the 2022 FIFA World Cup, output growth has been normalizing. High hydrocarbon prices further strengthened fiscal and external positions. Banks are strong, although non-performing loans continued to edge up. Reforms have gained momentum and are expected to intensify under the upcoming Third National Development Strategy.
Download or read book Qatar written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2019-06-03 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation discusses that stronger real gross domestic product (GDP) growth is envisaged in the near term, with a recovery in hydrocarbon output. Medium-term growth will be buoyed by increased gas production and non-hydrocarbon growth. Expenditure consolidation would help to sustain fiscal and external surpluses. Ample liquidity will enable credit growth to support non-hydrocarbon GDP. Trade and geopolitical tensions could undermine investor confidence and weaken fiscal and external positions. The policy priorities are fiscal consolidation, strengthened fiscal policy frameworks, enhanced resiliency of the financial sector, financial inclusion, and a diversified economy. The financial sector remains sound, underpinned by strong profitability and capital. Strengthening the regulatory and supervisory frameworks would help to bolster financial stability. Attention to women’s empowerment by introducing legislation emphasizing equality in remuneration and avoiding gender-based discrimination would support inclusive growth.
Download or read book Qatar written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2015-04-02 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that Qatar is implementing an ambitious diversification strategy, while retaining its systemic role in the global natural gas market. Qatar accounts for one-third of global liquefied natural gas trade and has emerged as an important global financial investor, labor importer, and donor. The authorities are executing a large public infrastructure program to advance economic diversification and prepare for the FIFA 2022 World Cup. The economy has maintained strong growth momentum so far despite the large drop in oil prices since summer 2014. The short-term growth outlook is positive, but lower oil prices will lead to a substantial deterioration of the fiscal and external balances.
Download or read book Qatar written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2014-05-06 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2014 Article IV Consultation highlights that Qatar’s macroeconomic performance has remained strong. GDP growth slowed from 13 percent in 2011 to 6.2 percent in 2012, mostly owing to the self-imposed moratorium on additional hydrocarbon production from the North Field. Growth was 6.5 percent in 2013, driven by strong expansion in the nonhydrocarbon sector. The negative spillovers from sluggish global growth and financial market volatility have been limited. The baseline macroeconomic outlook is positive. GDP growth could stay at about 6 percent in 2014, with public investments keeping growth at about 6–7 percent over the medium term.
Download or read book Qatar written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2018-05-30 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2018 Article IV Consultation highlights that Qatar’s growth performance remains resilient. The direct economic and financial impact of the diplomatic rift between Qatar and some countries in the region has been manageable. Nonhydrocarbon real GDP growth is estimated to have moderated to about 4 percent in 2017 owing to on-going fiscal consolidation and the effect of the diplomatic rift. Headline inflation remains subdued, primarily owing to lower rental prices. The near-term growth outlook is broadly positive. Overall, GDP growth of 2.6 percent is projected for 2018. Inflation is expected to peak at 3.9 percent in 2018 before easing to 2.2 percent in the medium term. The underlying fiscal position continues to improve.
Download or read book Qatar written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2018-05-30 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: With substantial financial buffers, prudent fiscal policy, and sound financial sector, Qatar’s economy continues to successfully adjust to lower hydrocarbon prices, despite the diplomatic rift that is weighing on the outlook. The policy priorities are to entrench fiscal consolidation, maintain financial stability and deepen structural reforms to facilitate private-sector led growth and job creation.
Download or read book Qatar written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-02-03 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2011 Article IV Consultation highlights that Qatar is using its fiscal space, generated from an increase in hydrocarbon production and prices, to implement a large public spending program. Large infrastructure investments are expected to sustain strong growth of 9 percent to 10 percent in the nonhydrocarbon sector in the medium term. The potential inflationary effect of the recent fiscal package is estimated to be about 1 percentage point. This underscores the need for fiscal policy to monitor aggregate demand and for the Qatar Central Bank to manage liquidity.
Download or read book Qatar written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-01-29 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Qatar’s macroeconomic performance was strong in 2008, notwithstanding the global financial crisis. This 2008 Article IV Consultation discusses that overall real GDP growth is estimated at 16 percent in 2008, driven by expansions in the production of oil, liquefied natural gas, and condensates. Executive Directors have welcomed the authorities’ intention to moderate fiscal expansion and broaden the non-oil revenue base over the medium term. They have supported the emphasis on building capacity in infrastructure and easing supply bottlenecks while containing government current expenditure to reduce inflation.
Download or read book Qatar 2014 Article IV Consultation Staff Report Press Release and Statement by the Executive Director for Qatar written by International Monetary Fund. Middle East and Central Asia Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2014-05-06 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2014 Article IV Consultation highlights that Qatar’s macroeconomic performance has remained strong. GDP growth slowed from 13 percent in 2011 to 6.2 percent in 2012, mostly owing to the self-imposed moratorium on additional hydrocarbon production from the North Field. Growth was 6.5 percent in 2013, driven by strong expansion in the nonhydrocarbon sector. The negative spillovers from sluggish global growth and financial market volatility have been limited. The baseline macroeconomic outlook is positive. GDP growth could stay at about 6 percent in 2014, with public investments keeping growth at about 6–7 percent over the medium term.
Download or read book Qatar written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-03-09 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Qatar has weathered the global economic crisis well. Enhancement of liquefied natural gas capacity (LNG), government support to the banking system, and increase in public spending sustain the high growth rates. There is a need to monitor aggregate demand to prevent the resurgence of inflation pressures. The creation of a financial stability unit and the results of recent stress tests show the banking system’s resilience to market and credit risks. The coordination among data providers and intention to seek technical assistance in consumer price index are noted.
Download or read book Qatar written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-02-17 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for Qatar’s 2009 Article IV Consultation describes economic development and policies. The underlying strength of the economy derived from Qatar’s hydrocarbon revenues, and timely and decisive intervention by the government in the banking system has helped to limit the impact of the global crisis and maintain financial stability. A cornerstone of Qatar’s strategy is commitment to diversify the economy by building related industries around the full liquefied natural gas value-chain and linking upstream, midstream, and downstream components.
Download or read book Qatar 2007 Article IV Consultation Staff Report Staff Statement Public Information Notice on the Executive Board Discussion and Statement by the Executive Director for Qatar written by International Monetary Fund and published by . This book was released on 2008-01-08 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Qatar Staff Report for the Article IV Consultation written by and published by . This book was released on 2009 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Qatar written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2013-01-16 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Qatar's economy is driven by high oil and natural gas prices and production, and remains strong with robust nonhydrocarbon growth. Its government has now shifted its focus to economic diversification and growth in nonhydrocarbon sectors through targeted infrastructure investments. The Executive Directors of the International Monetary Fund (IMF) noted the positive regional spillover effects of Qatar’s high growth, public spending, and increased financial assistance. The adoption of a three-year budget framework to help shield government spending from revenue volatility and enable better use of resources is welcomed.
Download or read book Republic of Kazakhstan 2021 Article IV Consultation Press Release Staff Report Staff Statement and Statement by the Executive Director for Kazakhstan written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-11 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Activity returned to its pre-COVID level in 2021. Inflation remains well above the NBK’s 4–6 percent target band, and spillovers from sanctions on Russia will exacerbate price pressures and weaken economic growth in 2022. Kazakhstan benefits from strong fiscal and external buffers but risks to the outlook are elevated due to the uncertain impact on Kazakhstan of the sanctions on Russia and heightened domestic tensions since the January social unrest episode. In the medium term, non-oil growth under the baseline is expected to converge to about 4 percent. Sustainable growth will require greater economic diversification. Climate-related challenges are acute for Kazakhstan given its outsized hydrocarbon sector, high per-capita greenhouse gas emissions, and low domestic energy prices.
