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Adequacy of Fund Resources - Preliminary Considerations »

Source: Adequacy of Fund Resources - Preliminary Considerations

Volume/Issue: 2021/006

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.;International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2021

ISBN: 9781513571171

Keywords: Systemic crises, Financial crises, Global financial crisis of 2008-2009, Credit, Emerging and frontier financial markets, PP, Fund resource, lending capacity, fund financing, financing needs

This paper provides background for initial considerations on the appropriate size of the Fund's overall lending capacity over the medium term. The paper reviews developments in the demand for Fund resources during...

Pandemics and Inequality: Perceptions and Preferences for Redistribution »

Source: Pandemics and Inequality: Perceptions and Preferences for Redistribution

Volume/Issue: 2021/053

Series: IMF Working Papers

Author(s): Vybhavi Balasundharam , and Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2021

ISBN: 9781513570723

Keywords: COVID-19 , Health, Unemployment, Income, Population and demographics, inequality, perceptions, government, political economy, WP

This paper uses an individual-level survey conducted by the Edelman Trust Barometer in mid-April for 11 advanced and emerging market economies to examine perceptions of government performance in managing the health...

Economic Prospects and Policy Challenges for the GCC Countries »

Source: Economic Prospects and Policy Challenges for the GCC Countries

Volume/Issue: 2020/065

Series: Policy Papers

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2020

ISBN: 9781513563572

Keywords: Oil prices, Fiscal policy, COVID-19 , Fiscal consolidation, Oil, PP, GCC country, IMF staff calculation, GCC authorities, labor market

The COVID-19 pandemic is having far-reaching consequences for the global economy. Measures to contain the spread of the virus have led to sharp declines in economic activity across the globe, particularly in 2020Q2...

Social Spending for Inclusive Growth in the Middle East and Central Asia »

Source: Social Spending for Inclusive Growth in the Middle East and Central Asia

Volume/Issue: 2020/012

Series: Departmental Papers

Author(s): Koshy Mathai , Christoph Duenwald , Anastasia Guscina , Rayah Al-Farah , Hatim Bukhari , Atif Chaudry , Moataz El-Said , Fozan Fareed , Kerstin Gerling , Nghia-Piotr Le , Franto Ricka , Cesar Serra , Tetyana Sydorenko , Sébastien Walker , and Mohammed Zaher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2020

Language: French

ISBN: 9781513560120

Keywords: Equity and social spending, Social protection spending, Middle East and Central Asia, Inclusive growth, Health, Health care spending, Education, Education spending, Expenditure, Social spending

This paper examines the role of social spending in improving socioeconomic outcomes in the Middle East and Central Asia. In particular, it addresses the following questions: (1) how large is social spending across...

Social Spending for Inclusive Growth in the Middle East and Central Asia »

Source: Social Spending for Inclusive Growth in the Middle East and Central Asia

Volume/Issue: 2020/012

Series: Departmental Papers

Author(s): Koshy Mathai , Christoph Duenwald , Anastasia Guscina , Rayah Al-Farah , Hatim Bukhari , Atif Chaudry , Moataz El-Said , Fozan Fareed , Kerstin Gerling , Nghia-Piotr Le , Franto Ricka , Cesar Serra , Tetyana Sydorenko , Sébastien Walker , and Mohammed Zaher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2020

Language: Russian

ISBN: 9781513560144

Keywords: Equity and social spending, Social protection spending, Middle East and Central Asia, Inclusive growth, Health, Health care spending, Education, Education spending, Expenditure, Social spending

This paper examines the role of social spending in improving socioeconomic outcomes in the Middle East and Central Asia. In particular, it addresses the following questions: (1) how large is social spending across...

Harnessing Digital Technologies to Promote SMEs in the MENAP Region »

Source: Harnessing Digital Technologies to Promote SMEs in the MENAP Region

Volume/Issue: 2020/135

Series: IMF Working Papers

Author(s): Inutu Lukonga

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513550770

Keywords: Economic conditions, Supply and demand, Financial systems, Financial institutions, Financial services, Digitalization, Digital Technologies, Inclusive Growth, MENAP Region., WP

Policy makers in the MENAP region have been formulating policies and designing programs to develop small and medium sized enterprises (SMEs) with a view to create jobs and achieve inclusive growth. But while the pr...

Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines »

Source: Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2020

ISBN: 9781513530062

Keywords: International monetary system, Forward commitment capacity, Central banks, Monetary authorities, Credit, NAB, PP, general review, IMFC, executive board

This paper presents a proposal for reforming the NAB with a doubling of the aggregate size of the NAB and amendments to the NAB Decision. The proposal contains the following key elements: doubling the aggregate siz...

The Future of Oil and Fiscal Sustainability in the GCC Region »

Source: The Future of Oil and Fiscal Sustainability in the GCC Region

Volume/Issue: 2020/1

Series: Departmental Papers / Policy Papers

Author(s): Tokhir Mirzoev , Ling Zhu , Yang Yang , Tian Zhang , Erik Roos , Andrea Pescatori , and Akito Matsumoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2020

Language: Arabic

ISBN: 9781513525938

Keywords: Fiscal policy, Oil exporting countries, Gulf Cooperation Council (GCC), Oil prices, Oil revenues, Supply and demand, Producer prices, Public financial management, Oil-exporting countries, DPPP

The Future of Oil and Fiscal Sustainability in the GCC Region...

The Future of Oil and Fiscal Sustainability in the GCC Region »

Source: The Future of Oil and Fiscal Sustainability in the GCC Region

Volume/Issue: 2020/1

Series: Departmental Papers / Policy Papers

Author(s): Tokhir Mirzoev , Ling Zhu , Yang Yang , Tian Zhang , Erik Roos , Andrea Pescatori , and Akito Matsumoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 February 2020

ISBN: 9781513525907

Keywords: Fiscal policy, Oil exporting countries, Gulf Cooperation Council (GCC), Oil prices, Oil revenues, Supply and demand, Producer prices, Public financial management, Oil-exporting countries, DPPP

The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away fro...

U.S. Monetary Policy Spillovers to GCC Countries: Do Oil Prices Matter? »

Source: U.S. Monetary Policy Spillovers to GCC Countries: Do Oil Prices Matter?

Volume/Issue: 2019/304

Series: IMF Working Papers

Author(s): Olumuyiwa Adedeji , Erik Roos , Sohaib Shahid , and Ling Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2019

ISBN: 9781513519357

Keywords: Bank rates, Market interest rates, Real interest rates, Discount rates, Interest rates on loans, Growth, Gulf Corporation Council, Spillovers, U.S. Monetary Policy, WP

This paper provides empirical evidence that the size of the spillovers from U.S. monetary policy to non-oil GDP growth in the GCC countries depends on the level of oil prices. The potential channels through which o...

How Do Changing U.S. Interest Rates Affect Banks in the Gulf Cooperation Council (GCC) Countries? »

Source: How Do Changing U.S. Interest Rates Affect Banks in the Gulf Cooperation Council (GCC) Countries?

Volume/Issue: 2019/268

Series: IMF Working Papers

Author(s): Olumuyiwa Adedeji , Yacoub Alatrash , and Divya Kirti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2019

ISBN: 9781513519319

Keywords: Central banking and monetary issues, Interest rates on loans, Bank liquidity, Market interest rates, Banking systems, Banks, Gulf Corporation, U.S. Monetary Policy, Competition, WP

Given their pegged exchange rate regimes, Gulf Cooperation Council (GCC) countries usually adjust their policy rates to match shifting U.S. monetary policy. This raises the important question of how changes in U.S....

Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia, and the UK »

Source: Macroeconomic Effects of Reforms on Three Diverse Oil Exporters: Russia, Saudi Arabia, and the UK

Volume/Issue: 2019/214

Series: IMF Working Papers

Author(s): Samya Beidas-Strom , and Marco Lorusso

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781498320504

Keywords: External sector, Fiscal sector, Supply and demand, Oil consumption, Real effective exchange rates, DSGE model, Economic diversi?cation, Shocks and commodity exporters, Bayesian estimation, Fiscal policy

We build and estimate open economy two-bloc DSGE models to study the transmission and impact of shocks in Russia, Saudi Arabia and the United Kingdom. After accounting for country-specific fiscal and monetary secto...

IMF Executive Board Concludes 2019 Article IV Consultation with Saudi Arabia »

Source: Saudi Arabia : 2019 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2019/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

ISBN: 9781513513447

Keywords: Real sector, Economic indicators, Balance of payments, Price indexes, Financial soundness indicators, ISCR, CR, SAMA, non-oil, Proj

This 2019 Article IV Consultation with Saudi Arabia discusses that reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue....

Saudi Arabia »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2019/291

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

ISBN: 9781513513485

Keywords: Real sector, Economic reforms, Tax revenue, Economic growth, Economic analysis, ISCR, CR, non-oil, Saudi economy, priority sector

This Selected Issues paper explores policies to drive diversification for Saudi Arabia. Diversification is needed to create jobs for Saudis and to mitigate the impact of uncertainty in oil markets. Although the bus...

Saudi Arabia: 2019 Article IV Consultation-Press Release; and Staff Report »

Source: Saudi Arabia : 2019 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2019/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

Language: Arabic

ISBN: 9781513513591

Keywords: Real sector, Economic indicators, Balance of payments, Price indexes, Financial soundness indicators, ISCR, CR, SAMA, non-oil, Proj

Reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue. Promoting non-oil growth and creating jobs for Saudi nationals rema...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2019/291

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

Language: Arabic

ISBN: 9781513513638

Keywords: Real sector, Economic reforms, Tax revenue, Economic growth, Economic analysis, ISCR, CR, non-oil, Saudi economy, priority sector

Selected Issues...

Saudi Arabia: Staff Report For The 2019 Article IV Consultation »

Source: Saudi Arabia : 2019 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2019/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

ISBN: 9781513513447

Keywords: Real sector, Economic indicators, Balance of payments, Price indexes, Financial soundness indicators, ISCR, CR, SAMA, non-oil, Proj

This 2019 Article IV Consultation with Saudi Arabia discusses that reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue....

Saudi Arabia: Staff Report for the 2019 Article IV Consultation—Informational Annex »

Source: Saudi Arabia : 2019 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2019/290

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2019

ISBN: 9781513513447

Keywords: Real sector, Economic indicators, Balance of payments, Price indexes, Financial soundness indicators, ISCR, CR, SAMA, non-oil, Proj

This 2019 Article IV Consultation with Saudi Arabia discusses that reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue....

Determinants of Currency Composition of Reserves: a Portfolio Theory Approach with an Application to RMB »

Source: Determinants of Currency Composition of Reserves: a Portfolio Theory Approach with an Application to RMB

Volume/Issue: 2019/52

Series: IMF Working Papers

Author(s): Yinqiu Lu , and Yilin Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2019

ISBN: 9781498302562

Keywords: Central banks, Capital account convertibility, Central bank aggregates, Investment policy, Monetary authorities, currency composition, FX reserves, portfolio theory, RMB, numeraire

The way central banks manage their foreign reserve assets has evolved over the past decades. One major trend is managing reserves in two or more tranches-liquidity tranche and investment tranche-especially for thos...

Saudi's Growth and Financial Spillovers to Other GCC Countries: An Empirical Analysis »

Source: Saudi's Growth and Financial Spillovers to Other GCC Countries: An Empirical Analysis

Volume/Issue: 2018/278

Series: IMF Working Papers

Author(s): Olumuyiwa Adedeji , Sohaib Shahid , and Ling Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 December 2018

ISBN: 9781484388792

Keywords: Saudi Arabia, Middle East, Growth, Gulf Corporation Council, Spillovers, Financial Markets and the Macroeconomy, Country and Industry Studies of Trade, Trade Forecasting and Simulation, International Policy Coordination and Transmission

This paper examines real and financial linkages between Saudi Arabia and other GCC countries. Growth spillovers from Saudi Arabia to Bahrain are found to be sizeable and statistically significant, but those to othe...

Gulf Cooperation Council »

Source: Gulf Cooperation Council : Trade and Foreign Investment-Keys to Diversification and Growth in the GCC

Volume/Issue: 2018/058

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2018

ISBN: 9781498310307

Keywords: Economic integration, Investment policy, Economic growth, Global competitiveness, Comparative advantage, GCC country, non-oil, FDI, FDI inflow, GCC

"Diversification of the GCC economies, supported by greater openness to trade and higher foreign investment, can have a large impact on growth. Such measures can support higher, sustained, and more inclusive growth...

Gulf Cooperation Council Countries (GCC) »

Source: Gulf Cooperation Council Countries (GCC) : How Developed and Inclusive are Financial Systems in the GCC?

Volume/Issue: 2018/057

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2018

ISBN: 9781498310284

Keywords: Economic integration, Financial sector development, External sector, Market economies, Economic growth, financial development, GCC country, SMEs, GCC, debt market

"Financial systems in the GCC have developed significantly over the last couple of decades, but there appears to be further room for progress. The development of bank and equity markets has been supported by a comb...

IMF Executive Board Concludes 2018 Article IV Consultation with Saudi Arabia »

Source: Saudi Arabia : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/263

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374269

Keywords: Article IV consultation reports, Fiscal policy, Fiscal adjustment, Fiscal reforms, Employment, Macroprudential policies and financial stability, Value added taxes, Government expenditures, Public investment, Corruption

This 2018 Article IV Consultation highlights that Saudi Arabia's real GDP growth is expected to increase to 1.9 percent in 2018, with non-oil growth strengthening to 2.3 percent. Growth is expected to pick-up furth...

Saudi Arabia: 2018 Article IV Consultation-Press Release and Staff Report »

Source: Saudi Arabia : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/263

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

Language: Arabic

ISBN: 9781484374344

Reform momentum remains strong under Vision 2030. New reform initiatives are being rolled-out under the Vision Realization Programs (VRPs). Oil prices have risen over the past year and are positively affecting fisc...

Saudi Arabia: 2018 Article IV Consultation—Press Release and Staff Report »

Source: Saudi Arabia : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/263

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374269

Keywords: Article IV consultation reports, Fiscal policy, Fiscal adjustment, Fiscal reforms, Employment, Macroprudential policies and financial stability, Value added taxes, Government expenditures, Public investment, Corruption

This 2018 Article IV Consultation highlights that Saudi Arabia's real GDP growth is expected to increase to 1.9 percent in 2018, with non-oil growth strengthening to 2.3 percent. Growth is expected to pick-up furth...

Saudi Arabia: 2018 Article IV Consultation—Press Release and Staff Report »

Source: Saudi Arabia : 2018 Article IV Consultation-Press Release and Staff Report

Volume/Issue: 2018/263

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374269

Keywords: Article IV consultation reports, Fiscal policy, Fiscal adjustment, Fiscal reforms, Employment, Macroprudential policies and financial stability, Value added taxes, Government expenditures, Public investment, Corruption

This 2018 Article IV Consultation highlights that Saudi Arabia's real GDP growth is expected to increase to 1.9 percent in 2018, with non-oil growth strengthening to 2.3 percent. Growth is expected to pick-up furth...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2018/264

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374382

Keywords: Fiscal policy, Fiscal rules, Employment, Labor markets, Labor market policy, Financial sector, Selected issues

This Selected Issues paper suggests that while the government should continue to work on clearly defining its fiscal policy objectives, at this stage the focus of reforms should be to continue to strengthen the fis...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2018/264

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374382

Keywords: Fiscal policy, Fiscal rules, Employment, Labor markets, Labor market policy, Financial sector, Selected issues

This Selected Issues paper suggests that while the government should continue to work on clearly defining its fiscal policy objectives, at this stage the focus of reforms should be to continue to strengthen the fis...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2018/264

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

ISBN: 9781484374382

Keywords: Fiscal policy, Fiscal rules, Employment, Labor markets, Labor market policy, Financial sector, Selected issues

This Selected Issues paper suggests that while the government should continue to work on clearly defining its fiscal policy objectives, at this stage the focus of reforms should be to continue to strengthen the fis...

Saudi Arabia: Selected Issues »

Source: Saudi Arabia : Selected Issues

Volume/Issue: 2018/264

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2018

Language: Arabic

ISBN: 9781484374481

Selected Issues...

Oil Prices and GCC Stock Markets: New Evidence from Smooth Transition Models »

Source: Oil Prices and GCC Stock Markets: New Evidence from Smooth Transition Models

Volume/Issue: 2018/98

Series: IMF Working Papers

Author(s): Nidhaleddine Ben Cheikh , Sami Ben Naceur , Oussama Kanaan , and Christophe Rault

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2018

ISBN: 9781484353622

Keywords: Qatar, Saudi Arabia, Middle East, Oil prices, Oman, Bahrain, Kuwait, United Arab Emirates, Yemen, Republic of, GCC stock markets

Our paper examines the effect of oil price changes on Gulf Cooperation Council (GCC) stock markets using nonlinear smooth transition regression (STR) models. Contrary to conventional wisdom, our empirical results r...

A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia »

Source: A Growth-Friendly Path for Building Fiscal Buffers in the Caucuses and Central Asia

Volume/Issue: 2018/6

Series: Departmental Papers / Policy Papers

Author(s): Edward Gemayel , Lorraine Ocampos , Matteo Ghilardi , and James Aylward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2018

ISBN: 9781484337165

Keywords: Growth acceleration, Uzbekistan, Afghanistan, Islamic Republic of, Iran, Islamic Republic of, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Republic of, Saudi Arabia, Somalia, Sudan

Since 2014, large and persistent external shocks have hit the CCA region, particularly a slump in global commodity prices and slower growth in its key economic partners. Fiscal accommodation, along with currency ad...

Public Wage Bills in the Middle East and Central Asia »

Source: Public Wage Bills in the Middle East and Central Asia

Volume: 18

Series: Departmental Papers / Policy Papers

Author(s): Natalia Tamirisa , and Christoph Duenwald

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2018

ISBN: 9781484336731

Keywords: Public sector, Public sector wages, Public employment, Public expenditure management, Public expenditures reform, Public services, Public employment systems, Public sector; Public sector wages; Public employment; Public expenditure management; Public expenditures reform; Public services; Public employment systems

Analysis of policies for managing public sector wage bills in the Middle East and Central Asia region. While some work has been done recently at the Fund on issues related to government employment and compensation,...

General Arrangements to Borrow »

Source: General Arrangements to Borrow

Volume/Issue: 2017/071

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 December 2017

ISBN: 9781498346108

Keywords: Central banks, Credit, Borrowing, Special Drawing Rights, gab, stand agreement, renewal, washington-based, quota

This notification summarizes the outcome of consultations with Washington-based representatives of participants in the General Arrangements to Borrow (GAB) on a possible renewal of the GAB decision. By way of backg...

Gulf Cooperation Council »

Source: Gulf Cooperation Council : How Can Growth-Friendlier Expenditure-Based Fiscal Adjustment be Achieved in the GCC?

Volume/Issue: 2017/065

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2017

ISBN: 9781498346214

Keywords: Economic policy, Economic conditions, Economic theory, Economic reforms, Public financial management, GCC country, non-oil, GCC, capital spend, intergenerational equity

growth in expenditure, GCC governments have started to implement significant fiscal consolidation measures, but more needs to be done. Rapid population growth and booming oil revenues led to large increases in gove...

Gulf Cooperation Council »

Source: Gulf Cooperation Council : Strengthening Liquidity Management Frameworks in Support of Stability and Growth in the GCC

Volume/Issue: 2017/064

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2017

ISBN: 9781498346207

Keywords: Central banks, Central bank operations, Financial crises, Central bank capital, Financial markets, interbank, GCC country, GCC, excess reserve, reserve requirement

Effective liquidity management is important to promote macro-financial stability in the GCC countries. Fixed exchange rate regimes provide credible nominal anchors in the GCC countries, but combined with open capit...

Gulf Cooperation Council »

Source: Gulf Cooperation Council : The Economic Outlook and Policy Challenges in the GCC Countries

Volume/Issue: 2017/066

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2017

ISBN: 9781498346191

Keywords: Economic policy, Real sector, Economic cooperation, Economic conditions, Financial soundness indicators, GCC country, non-oil, GCC, oil price, low oil price

Global economic activity is gaining momentum. Global growth is forecast at 3.6 percent this year, and 3.7 percent in 2018, compared to 3.2 percent in 2016. Risks around this forecast are broadly balanced in the nea...

IMF Executive Board Concludes 2017 Article IV Consultation with Saudi Arabia »

Source: Saudi Arabia : 2017 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2017/316

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484323175

Keywords: Article IV consultation reports, Fiscal policy, Oil prices, Fiscal consolidation, Labor market reforms, Bank supervision, Currency pegs, Economic indicators, Balance of payments statistics, Press releases

This 2017 Article IV Consultation highlights Saudi Arabia's launch of a bold reform program under Vision 2030, announced in 2016. The authorities have made considerable progress in initiating the implementation of...

Saudi Arabia »

Source: Saudi Arabia : Financial System Stability Assessment

Volume/Issue: 2017/318

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484323458

Keywords: Financial system stability assessment, Financial sector, Banking systems, Liquidity management, Financial stability, Macroprudential Policy, Bank supervision, Financial safety nets, Anti-money laundering, Combating the financing of terrorism

This paper assesses the stability of Saudi Arabia's financial system as a whole. Banks-the core of the Saudi financial system-remain liquid and resilient. Stress tests show that most banks, including all systemical...

Saudi Arabia: 2017 Article IV Consultation—Press Release; and Staff Report »

Source: Saudi Arabia : 2017 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2017/316

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 October 2017

ISBN: 9781484323175

Keywords: Article IV consultation reports, Fiscal policy, Oil prices, Fiscal consolidation, Labor market reforms, Bank supervision, Currency pegs, Economic indicators, Balance of payments statistics, Press releases

This 2017 Article IV Consultation highlights Saudi Arabia's launch of a bold reform program under Vision 2030, announced in 2016. The authorities have made considerable progress in initiating the implementation of...