Kuwait: 2025 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary Fund. Middle East and Central Asia Dept.

Volume/Issue: Volume 2026 Issue 052

Publication date: February 2026

ISBN: 9798229039727

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Topics covered in this book

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Labor , Economics- Macroeconomics , Public Finance , Taxation - General , Oil , Public sector , Public sector wages , Wages

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Summary

Kuwait has started the transition from an oil dependent welfare state towards a dynamic and diversified economy. Reform momentum has been building, starting with enactment of the Financing and Liquidity Law. Alongside a public investment scale-up, the authorities are working on wide-ranging fiscal and structural reforms, including to energy subsidies and mortgage lending.