VOL. XL

No. 33

18-August-1997

QATAR

IMF Sees Improved Fiscal Stance For Qatar

Better than expected oil revenues significantly eased Qatar's financial position in1996 but, according to the International Monetary Fund's latest Article IV Report, theemirate still faces marked fiscal problems before the enormous LNG revenues from the NorthField lift off around 2000. To that end the Fund calls for a list of reforms familiar toobservers of the Gulf economies in order to tackle the budget deficit and...