Description - Kuwait by International Monetary Fund MIDD Dept
With large financial buffers, low debt, and a well-capitalized financial sector, the country is well positioned to face "lower-for-longer" oil prices. Nonetheless, fiscal and external balances have weakened and nonoil growth has softened somewhat. The main policy priorities are to sustain reforms to gradually raise fiscal savings, reduce susceptibility to oil price cycles, and boost private sector growth and job creation.
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