Kuwait: High dependency on oil but large financial buffers

6/22/2016 - Report
ic_blogtagKuwaitBusiness ClimateCountry RiskGrowthTrade
Large fiscal surpluses have turned to deficits but will be supported by large financial assets. Uncertain policy response to the period of lower oil prices might impact Kuwait.

Exchange rate system is unlikely to change in the short term. External accounts have deteriorated but will remain in surplus. FX reserves provide import cover of around seven months and external debt obligations are low.

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Kuwait: High dependency on oil but large financial buffers - Report