Suchergebnisse

Cover -- CONTENTS -- POLICIES TO DRIVE DIVERSIFICATION FOR QATAR -- A. Introduction -- B. Why is Diversification Important? -- C. Financial Diversification -- D. Policies to Drive Real Sector Diversification -- E. Conclusion -- References -- QATAR: FISCAL POLICY IN A MEDIUM-TERM CONTEXT -- A. Background and Context -- B. Medium-Term Budgeting: Key Considerations -- C. Towards Fiscal Rules-Anchoring Fiscal Targets -- D. Other Considerations -- E. Conclusion -- References.

This Selected Issues paper discusses strengthening of fiscal policy and fiscal frameworks in Qatar. It proposes ways to ensure that sustainable fiscal policy is maintained in the medium to long term in Qatar. Fiscal policy remains sustainable, but given the large drop in oil prices, revenue-raising and expenditure-containing measures need to be considered to ensure intergenerational equity. Measures aimed at containing current spending, prioritizing capital expenditure, and raising nonhydrocarbon revenues would help bring fiscal policy back to consistency with intergenerational equity. Strengt

KEY ISSUESContext. As the world's largest exporter of liquefied natural gas (LNG), Qatar has turned into an important global financial investor, donor, and labor importer. Growth averaged 14 percent over the past decade and GDP per capita has reached 100,000, the highest in the world. Qatar remains insulated from sluggish global growth thanks to high hydrocarbon prices and a large public investment program to support economic diversification and prepare for the FIFA 2022 Championship.Outlook and risks. Macroeconomic performance is expected to remain strong, driven by the non-hydrocarbon sector

Cover -- CONTENTS -- CONTEXT AND BACKGROUND -- RECENT DEVELOPMENTS -- MACROECONOMIC OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Achieving Intergenerational Equity -- B. Maintaining Financial Stability -- C. Achieving Private Sector Development and Improving Statistics -- STAFF APPRAISAL -- BOXES -- 1. Economic Implications of the Diplomatic Rift -- 2. Performance and Vulnerabilities of Qatar's Nonfinancial Corporate Sector -- 3. Assessing the Resilience of the Banking System to Macroeconomic Shocks -- FIGURES -- 1. Real Sector Developments -- 2. Fiscal Developments -- 3. External Sector Developments -- 4. Financial Sector Developments -- 5. Labor Market Indicators -- 6. Business Environment and Governance Indicators -- TABLES -- 1. Selected Macroeconomic Indicators, 2013-23 -- 2. Balance of Payments 2013-23 -- 3a. Summary of Central Government Finance (billions of Riyals), 2013-23 -- 3b. Summary of Central Government Finance (percent of GDP), 2013-23 -- 4. Vulnerability Indicators, 2013-17 -- 5. Financial Soundness Indicators, 2009-17 -- 6. Monetary Survey, 2013-19 -- ANNEXES -- I. Status of Staff Recommendations -- II. External Stability Assessment -- III. Risk Assessment Matrix -- IV. Public Sector and External Debt Sustainability Analyses -- CONTENTS -- RELATIONS WITH THE FUND -- RELATIONS WITH THE WORLD BANK GROUP -- STATISTICAL ISSUES.