Qatar Reaffirms Robust Economy at IMF and World Bank Meetings

      Published on Wednesday, 18 October , 2017      278 Views     
Qatar Reaffirms Robust Economy at IMF and World Bank Meetings

  • Business

Qatar’s economic outlook remains positive, according to the Qatari delegation attending the Annual Meetings of the International Monetary Fund and the World Bank in Washington DC.

During the sessions, US private and governmental representatives were given an in-depth insight into Qatar’s resilient financial and banking sector. Discussions also focused on the continuing and growing opportunities for US investors and businesses in Qatar, and bilateral trade relations between the two countries. Qatar remains one of the largest trading partners of the US in the Middle East region, with imports increasing by 29% in 2016.



New laws and regulations are also being introduced in Qatar to improve the business environment and further enhance private sector growth.

QatarMinister of Finance, H.E. Ali Shareef Al-Emadi commented: “Qatar’s budget deficit is expected to decline over the next few years, and economic prospects remain promising. Qatar remains one of the most attractive markets for investors, with favorable investment opportunities across key sectors.

“Recent measures introduced by our government aim to support continued investment and promote incentives for private companies and international investors looking to expand to the region.

Qatar and the US have long enjoyed a strong and mutually beneficial relationship, and our attendance at the Annual Meetings of the IMF and World Bank was an opportunity to further strengthen our relationship with US investors and stakeholders and highlight the avenues for collaboration,” he concluded.

Last June, neighboring countries imposed an air, sea and land blockade on Qatar, which remains in place more than four months later. However, according to Sheikh Abdulla Bin Saoud Al-Thani, Governor of the Qatar Central Bank, the embargo has not adversely affected the nation’s economic fundamentals.

“The Qatar Central Bank took timely and decisive action in mitigating the impact on banks’ balance sheets through liquidity injection and increasing public sector deposits when the blockade was imposed,” he said. “Macroprudential indicators for the banking sector remain healthy.”

The Qatari delegation was led by H.E. Ali Shareef Al-Emadi, Minister of Finance and included H.E. Sheikh Abdulla Bin Saoud Al-Thani, Governor of Qatar Central Bank, and members of Qatar’s financial sector.



SOURCE Ministry of Finance – Qatar

Keywords:
Category Business | 2017/10/18 latest update at 8:00 PM
Source : | Photocredit :
279 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Qatar Today would like to give all of its readers from Gulf and Qatar and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Qatar Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Qatar, the Gulf and the world.


Amir congratulates President of Colombia Emir

Amir congratulates President of Colombia

Amir H H Sheikh Tamim bin Hamad Al Thani, Deputy Amir H H Sheikh Abdullah bin Hamad Al…

Iran’s Rouhani Says Boosting Ties With Qatar A Priority Emir

Iran’s Rouhani Says Boosting Ties With Qatar A Priority

Iranian President Hassan Rouhani described enhancement of relations with neighbors, Qatar in particular, as an indispensable part of…

Amir performs Eid Al Fitr prayer; receives well-wishers Emir

Amir performs Eid Al Fitr prayer; receives well-wishers

HH the Amir Sheikh Tamim bin Hamad Al-Thani performed Tuesday morning Eid Al Fitr prayer with citizens at…

Amir receives written message from Saudi King Emir

Amir receives written message from Saudi King

Amir H H Sheikh Tamim bin Hamad Al Thani has received a written message from the Custodian of…

GULF TV

Popular in GULF TV

About DFI

26539 Views

Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…

Latest videos in GULF TV

Events

Qatar Events

Lifestyle

Life

Culture

Culture News

Sport

Sport

Science & Technology

Science & Technology

Government

Government News