Suchergebnisse

This 2014 Article IV Consultation highlights that the United Arab Emirates has continued to benefit from its perceived safe-haven status amid regional instability. The economic recovery has been solid, supported by the tourism and hospitality sectors, and a rebounding real estate sector. Although growth in oil production moderated, public projects in Abu Dhabi and buoyant growth in Dubaiâ??s service sectors continued to underpin growth, which reached 5.2 percent in 2013. The macroeconomic outlook is positive. Economic growth is expected at 4.8 percent in 2014 and about 4.5 percent in coming ye

Cover -- CONTENTS -- BACKGROUND -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Living with Cheaper Oil while Achieving Intergenerational Equity -- B. Safeguarding Financial Stability and Fostering Deepening -- C. Further Diversifying Sources of Inclusive Growth -- STAFF APPRAISAL -- BOXES -- 1. Real Estate Developments -- 2. The Economic Impact of the Removal of Iran Sanctions -- 3. Stress Testing UAE Banks -- FIGURES -- 1. Real Sector Developments -- 2. Fiscal Developments -- 3. Monetary and Financial Developments -- 4. External Sector Developments -- 5. Business Environment and Governance Indicators -- TABLES -- 1. Risk Assessment Matrix -- 2. Selected Macroeconomic Indicators, 2012-20 -- 3. Balance of Payments, 2012-20 -- 4a. Consolidated General Government Finances, 2012-20 -- 4b. Central Government Finances, 2012-20 -- 4c. Abu Dhabi Government Finances, 2012-20 -- 4d. Dubai Government Finances, 2012-20 -- 5. Monetary Survey, 2012-20 -- 6a. Dubai: Maturing Bonds and Syndicated Loans -- 6b. Abu Dhabi: Maturing Bonds, Syndicated and Bilateral Loans -- ANNEXES -- I. Long-term Fiscal Sustainability Analysis -- II. Debt Sustainability Analysis -- III. External Sector Assessment -- IV. Oil and Macro-Financial Linkages-A VAR Analysis -- V. Islamic Finance-Growth and Challenges -- CONTENTS -- FUND RELATIONS -- RELATIONS WITH THE WORLD BANK GROUP -- STATISTICAL ISSUES.

Cover -- CONTENTS -- NAVIGATING A COMPLEX ENVIRONMENT -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Temporary Fiscal Easing with Firmer Fiscal Anchors -- B. Safeguarding External and Financial Stability -- C. Creating a Vibrant, Diversified, Knowledge-Based Economy -- D. Improving Economic Statistics -- STAFF APPRAISAL -- BOX -- 1. Structural Policy Measures Announced in 2018 -- FIGURES -- 1. Recent Economic Developments -- 2. Real and Fiscal Sector Developments and Outlook -- 3. Monetary and Financial Sector Developments -- 4. External Sector Developments -- 5. Business Environment and Governance Indicators -- TABLES -- 1. Selected Macroeconomic Indicators, 2015-23 -- 2. Balance of Payments, 2015-23 -- 3. General Government Finances, 2015-23 -- 4. Monetary Survey, 2015-23 -- 5. Maturing Bonds, Syndicated and Bilateral Loans in the Non-Financial Public Sector -- 6. Financial Soundness Indicators, 2015-18 -- ANNEXES -- I. Status of the 2017 Article IV Recommendations -- II. VAT: Historic Milestone Toward Revenue Diversification -- III. Fiscal and Debt Sustainability Assessments -- IV. External Sector Assessment -- V. Anchoring Fiscal Policy and Strengthening Coordination -- VI. Update on Strengthening Regulatory and Supervisory Framework -- VII. Promoting Small and Medium-Size Enterprises -- CONTENTS -- FUND RELATIONS -- WORLD BANK RELATIONS -- STATISTICAL ISSUES