THE IMF REPEATS THE TAX DRUMBEAT, SLASHING SUBSIDIES AND LOWERING SALARIES

  • 30/03/2022

Kuwait City: The International Monetary Fund's (IMF) Executive Board has ended its Article IV dialogue with Kuwait. With social distancing limits and fiscal, monetary, and financial policy support measures, the authorities responded quickly and firmly to the COVID-19 crisis. A high vaccination rate was reached in 2021. Higher oil prices and the removal of mobility restrictions have aided the recovery of the economy. 


Non-oil GDP growth is estimated at 3.4 percent in 2021 and is projected to rise slightly to 3.5 percent in 2022, as domestic activity gradually recovers along with the global environment. Oil production is projected to rebound as OPEC+ quotas are relaxed.

Related News

MoI Cracks Down on Illegal U-Turns
  • 11/02/2025
Discounts Don't Affect Return/Exchange Rights
  • 08/02/2025
Kuwait Arrests Reckless Driver After Viral Wedding Video
  • 08/02/2025
Shifa Al Jazeera Medical Group to Host Shifa Excellence Awar ...
  • 08/02/2025
Kuwait Bans Water Pistols and Balloons
  • 07/02/2025
Kuwait Tops Global Hunger Index 2024 as Least Hungry Country
  • 04/02/2025
MoI: Implementation of new traffic fines on April 22
  • 04/02/2025
Kuwait Council of Ministers Holds Weekly Meeting at Bayan Pa ...
  • 04/02/2025
Kuwait population increases every 5 minutes
  • 03/02/2025
Kuwait Stabilizes Market Ahead of Ramadan
  • 29/01/2025
Kuwait Arrests Egyptian Expat for Forging Medical Documents
  • 29/01/2025
Kuwait Ministry of Education Cuts School Bag Weight by 50%
  • 27/01/2025