Middle East Economic Survey

VOL. LII

No 21

25-May-2009

KUWAIT

Kuwait Challenged By Global Crisis, Longer Term Reforms, Says IMF

Kuwaits economy performed strongly in 2008, but the key challenge in the near term is containing the fallout from the global economic crisis, the International Monetary Fund (IMF) said at the conclusion of the 2009 Article IV consultation with the country. The major risks are a rapid deterioration in the balance sheet of financial institutions and a prolonged global...