IMF released the concluding statement of Article IV Consultations with Qatar on March 5, 2018. The IMF Article IV Consultations were held with Qatar during February 4-21, 2018.
The Concluding Statement notes that Qatar’s economy continues to adjust successfully to the lower hydrocarbon prices and the financial system remains sound. The direct economic impact of diplomatic rift between some countries and Qatar has been transitory and is fading.
Macroeconomic performance remains resilient and is the outlook is expected to remain broadly favorable. Authorities are advancing a structural reform agenda to improve business environment, and diplomatic rift has acted as a catalyst for enhancing domestic food production and reducing reliance on a small group of countries.
GDP Growth stood at 2.1% in 2017, and is projected to increase to 2.6% in 2018. Fiscal deficit is estimated to narrow down to 6% of GDP in 2017 from 9.2% of GDP in 2016. Public debt remains sustainable and current account balance is improving. Macrofinancial indicators are improving in 2018 compared to mid-2017.
The Concluding Statement can be accessed at: