Policy Challenges In The Gulf Cooperation Council Countries

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 9781557755827
Total Pages : 44 pages
Book Rating : 4.25/5 ( download)

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Download or read book Policy Challenges in the Gulf Cooperation Council Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-05-23 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Gulf Cooperation Council (GCC) countries face important policy challenges and opportunities. This paper covers the economic developments and policies since 1980; the impact of the GCC's external environment; the medium-term economic prospects; the broad outlines of a common adjustment and reform strategy, and the implications of adjustment in the GCC countries on the rest of the Middle East and North Africa region.

Author : Héla Miniaoui
Publisher : Springer Nature
ISBN 13 : 9811560587
Total Pages : 217 pages
Book Rating : 4.83/5 ( download)

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Download or read book Economic Development in the Gulf Cooperation Council Countries written by Héla Miniaoui and published by Springer Nature. This book was released on 2020-10-26 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book delves into the economic development of the six Gulf Cooperation Council (GCC) countries. Since the 1960s, the GCC states have harnessed their potential to exploit the wealth accrued from the oil boom to build their infrastructure and grow their economies. However, the high level of dependency on oil as the primary source feeding their output made their economies volatile and vulnerable to fluctuations in the global oil prices. Moreover, the plunge in oil prices and the threat of depletion of this natural resource pose serious challenges to the GCC countries. Consequently, the GCC governments have realized the importance of diversifying their economies following the need to move away from reliance on hydrocarbon. This book contributes to the theoretical literature by enriching the debate on the transition of the GCC countries from rentier states to diversified economies. It helps students and scholars understand this transformation with an expansive comprehension of the contemporary challenges facing the region, as well as outlining prospects for the future.

Author : International Monetary Fund. Middle East and Central Asia Dept.
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4.70/5 ( download)

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Download or read book Gulf Cooperation Council written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2022-11-29 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: GCC policymakers have managed to quickly mitigate the economic impact of the twin COVID-19 and oil price shock. Commodity prices have surged, and the outlook is more positive for GCC countries, with new challenges linked to Russia’s invasion of Ukraine and tighter global financial conditions expected to have a limited impact on GCC economies. While GCC countries have overall benefited from higher, albeit volatile hydrocarbon prices, numerous risks still cloud the outlook—notably a slowdown in the global economy. In this context, the reform momentum established during the low oil price years should be maintained—irrespective of the level of hydrocarbon prices.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 145527898X
Total Pages : 39 pages
Book Rating : 4.85/5 ( download)

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Download or read book Policy Challenges in the Gulf Cooperation Council Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-05-23 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Gulf Cooperation Council (GCC) countries face important policy challenges and opportunities. This paper covers the economic developments and policies since 1980; the impact of the GCC's external environment; the medium-term economic prospects; the broad outlines of a common adjustment and reform strategy, and the implications of adjustment in the GCC countries on the rest of the Middle East and North Africa region.

Author : International Monetary Fund. Middle East and Central Asia Dept.
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.79/5 ( download)

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Download or read book Gulf Cooperation Council: Economic Prospects and Policy Challenges for the GCC Countries written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2023-12-14 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The GCC region’s non-hydrocarbon growth momentum remains strong, driven by higher domestic demand, increased gross capital inflows, and reform implementation. Oil production – which depends on OPEC+ decisions – will be subdued in the near term. Inflation is contained and current account surpluses are high. Fiscal balances remain healthy, supported by fiscal reforms and high oil prices. The primary non-oil deficits are expected to decrease to 24 percent of GDP by 2028, with higher non-oil revenue reflecting sustained fiscal and structural reforms and contained expenditures. High global uncertainty is weighing on the outlook.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498341136
Total Pages : 28 pages
Book Rating : 4.34/5 ( download)

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Download or read book Gulf Cooperation Council (GCC) - Economic Prospects and Policy Challenges for the GCC Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2013-11-13 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global and regional economic environment remains challenging. Global growth remains tepid, and although some pick-up is expected, risks are tilted to the downside. Recent volatility in financial markets is having a significant impact on some large emerging markets, highlighting the challenges that will be faced in unwinding the Federal Reserve’s quantitative easing policy. Geopolitical uncertainties in the Middle East are also high.

Author : Emile Nakhleh
Publisher : Praeger
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.85/5 ( download)

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Download or read book The Gulf Cooperation Council written by Emile Nakhleh and published by Praeger. This book was released on 1986-06-06 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: In May 1981 Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates, and Oman established the Gulf Cooperation Council (GCC) to facilitate cooperation, settle disputes, and strengthen security. This is the first English-language book to describe the GCC and assess its impact on the security and stability of the Gulf. It addresses four specific aspects of the GCC: a description of the basic charter and the United Economic Agreement; its structure and the policy of summitry; its achievements and the challenges before it; and the official, popular, and reformist views of its proper role.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498346197
Total Pages : 28 pages
Book Rating : 4.91/5 ( download)

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Download or read book Gulf Cooperation Council written by International Monetary Fund and published by International Monetary Fund. This book was released on 2017-12-14 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global economic activity is gaining momentum. Global growth is forecast at 3.6 percent this year, and 3.7 percent in 2018, compared to 3.2 percent in 2016. Risks around this forecast are broadly balanced in the near term, but are skewed to the downside over the medium term. The more positive global growth environment should support somewhat stronger oil demand. With inflation in advanced countries remaining subdued, monetary policy is expected to remain accommodative. GCC countries are continuing to adjust to lower oil prices. Substantial fiscal consolidation has taken place in most countries, mainly focused on expenditure reduction. This is necessary, but it has weakened non-oil growth. With the pace of fiscal consolidation set to slow, non-oil growth is expected to increase to 2.6 percent this year, from 1.8 percent last year. However, because of lower oil output, overall real GDP growth is projected to slow to 0.5 percent in 2017 from 2.2 percent in 2016. Growth prospects in the medium-term remain subdued amid relatively low oil prices and geopolitical risks. Policymakers have made a strong start in adjusting fiscal policy. While the needed pace of fiscal adjustment varies across countries depending on the fiscal space available, in general countries should continue to focus on recurrent expenditure rationalization, further energy price reforms, increased non-oil revenues, and improved efficiency of capital spending. Fiscal consolidation should be accompanied by a further improvement in fiscal frameworks and institutions. The direction of fiscal policy in the GCC is broadly consistent with these recommendations. Policies should continue to be geared toward managing evolving liquidity situations in the banking system and supporting the private sector’s access to funding. While countries have made progress in enhancing their financial policy frameworks, strengthening liquidity forecasting and developing liquidity management instruments will help banks adjust to a tighter liquidity environment. Banks generally remain profitable, well capitalized, and liquid, but with growth expected to remain relatively weak, the monitoring of financial sector vulnerabilities should continue to be enhanced. Diversification and private sector development will be needed to offset lower government spending and ensure stronger, sustainable, and inclusive growth. This will require stepped-up reforms to improve the business climate and reduce the role of the public sector in the economy through privatization and PPPs. Reforms are needed to increase the incentives for nationals to work in the private sector and for private sector firms to hire them. Increasing female participation in the labor market and employment would benefit productivity and growth across the region. Where fiscal space is available, fiscal policy can be used to support the structural reforms needed to boost private sector growth and employment.

Author : Ravinder Mamtani MD
Publisher : Georgetown University Press
ISBN 13 : 1626165025
Total Pages : 192 pages
Book Rating : 4.21/5 ( download)

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Download or read book Critical Issues in Healthcare Policy and Politics in the Gulf Cooperation Council States written by Ravinder Mamtani MD and published by Georgetown University Press. This book was released on 2018-01-02 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to examine challenges in the healthcare sector in the six Gulf Cooperation Council (GCC) countries (Saudi Arabia, Oman, the United Arab Emirates, Qatar, Kuwait, and Bahrain). These countries experienced remarkably swift transformations from small fishing and pearling communities at the beginning of the twentieth century to wealthy petro-states today. Their healthcare systems, however, are only now beginning to catch up. Rapid changes to the population and lifestyles of the GCC states have completely changed—and challenged—the region’s health profile and infrastructure. While major successes in combatting infectious diseases and improving standards of primary healthcare are reflected in key health indicators, new trends have developed; increasingly “lifestyle” or “wealthy country” diseases, such as diabetes, heart disease, and cancer, have replaced the old maladies. To meet these emerging healthcare needs, GCC states require highly trained and skilled healthcare workers, an environment that supports local training, state-of-the-art diagnostic laboratories and hospitals, research production and dissemination, and knowledge acquisition. They face shortages in most if not all of these areas. This book provides a comprehensive study of the rapidly changing health profile of the region, the existing conditions of healthcare systems, and the challenges posed to healthcare management across the six states of the GCC.

Author : Linda Low
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9814311405
Total Pages : 71 pages
Book Rating : 4.03/5 ( download)

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Download or read book The Gulf Cooperation Council written by Linda Low and published by Institute of Southeast Asian Studies. This book was released on 2011 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Gulf Cooperation Council (GCC) is comprised of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Possessing a significant share of the world's oil and gas reserves and including some of the world's fastest growing economies, the GCC is a significant regional grouping. As with the Association of Southeast Asian Nations (ASEAN), the Council has made significant progress towards economic integration. Seeking to draw out lessons applicable to ASEAN, this report looks at the structure and evolution of the GCC. This includes the context within which the Council was established, its rationale, and economic importance. It then follows the organization's development over time, paying particular importance to its progress from Customs Union and Common Market towards Monetary Union. The report then sets out the key challenges ahead for the Council, and concludes by highlighting the structural, organizational, and political lessons that resonate with ASEAN and its membership.