IMF: Kuwait must implement economic reforms
A reports recently released by the International Monetary Fund (IMF) said that
Kuwait's economic growth is likely to slow unless key structural reforms are implemented.
"The authorities have adopted some measures to allow for a broader role of the private sector in the economy but ... implementation of the reform agenda has been slower than expected, in part, due to difficulties in reaching a political consensus," said the report, according to Khaleej Times.
Kuwait's real growth in gross domestic product averaged 7.5 percent in 2004-05, while inflation remained low.