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Qatar: Selected Issues
Author:
International Monetary Fund. Middle East and Central Asia Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2024: Issue 044
Language:
English
Publication Date:
07 Feb 2024
DOI:
https://doi.org/10.5089/9798400267321.002
ISBN:
9798400267321
ISSN:
1934-7685
Pages:
30
Keywords:
FIFA World cup; International Monetary Fund Washington, d.c; World Cup contribution; labor market dynamics; key reform; Labor market reforms; Labor force participation; Women; Climate finance; Global
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This Selected Issues paper aims to identify key reforms to accelerate Qatar’s economic transformation, estimate their impact, and shed light on the design of a comprehensive reform agenda. This paper starts by taking stock of Qatar’s progress in key reforms so far, identifying areas for further improvement, proposing structural reform measures, estimating the impact of key proposed reforms, and providing principles on the prioritization and sequencing of reforms. Qatar’s state-led, hydrocarbon intensive growth model has delivered rapid growth and substantial improvements in living standards over the past several decades. Guided by the National Vision 2030, an economic transformation is underway toward a more dynamic, diversified, knowledge-based, sustainable, and private sector-led growth model. The paper finds that labor market reforms could bring substantial benefits, particularly reforms related to increasing the share of skilled foreign workers. Certain reforms to further improve the business environment, such as improving access to finance, could also have large growth impact. A comprehensive, well-integrated, and properly sequenced reform package to exploit complementarities across reforms could boost Qatar’s potential growth significantly.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund