Kuwait: From Reconstruction to Accumulation for Future Generations
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. John F. Wilson Ms. Susan Fennell Mr. Nigel Andrew Chalk Mr. Mohamed A. El-Erian Mr. Alexei Kireyev
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 1997
E-ISBN: 9781452754048
P-ISBN(Paperback): 9781557756237
Subject： F0 Economics;F8 Finances
Language： ENG
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Description
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.