Front Matter

Front Matter

John Wilson, Susan Fennell, Nigel Chalk, Mohamed El-Erian, and Alexei Kireyev
Published Date:
April 1997
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    Kuwait: From Reconstruction Accumulation for Future Generations

    Nigel Andrew Chalk, Mohamed A. El-Erian, Susan J. Fennell, Alexei P. Kireyev, and John F. Wilso


    Washington, D.C.

    April 1997

    © 1997 International Monetary Fund

    Cataloging-in-Publication Data

    Kuwait, from reconstruction to accumulation for future generations/Nigel

    Andrew Chalk, Mohamed A. El-Elrian, Susan J. Fennell, Alexei P. Kireyev, and John F. Wilson. — Washington, DC: International Monetary Fund, [1997]

    p. cm. — (Occasional paper, ISSN 0251-6365; 150) ISBN 1-55775-623-6

    1. Kuwait—Economic policy 2. Fiscal policy—Kuwait.

    3. Financial institutions—Kuwait. 4. Debts, public—Kuwait.

    I. Chalk, Nigel Andrew. II. International Monetrary Fund.

    III. Series: Occasional paper (International Monetary Fund); no. 150.

    HC415.39 .K885 1997

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    recycled paper

    The following symbols have been used throughout this paper:

    • … to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • – between years or months (e.g., 1994-95 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    • / between years (e.g., 1994/95) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.


    This study was prepared in the context of the work for the IMF’s 1996 Article IV consultation with Kuwait. The study incorporates information available as of mid-1996.

    The authors acknowledge with gratitude the important cooperation they received from the Kuwaiti authorities, comments from colleagues in the Fund, Ilsa Marie Fayad’s research assistance, Audrey Pavon’s secretarial support, and Esha Ray’s contribution in editing and coordinating the publication of this study.

    The views expressed in this study are those of the authors and do not necessarily reflect the views of the Government of Kuwait, the Executive Directors of the IMF, or other members of IMF staff.

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