This 2015 Article IV Consultation highlights that United Arab Emirates has continued to benefit from its perceived safe haven status and large fiscal and external buffers that have helped limit negative spillovers from lower oil prices, sluggish global growth, and volatility in emerging market...

Cover -- CONTENTS -- STRENGTHENING FISCAL POLICY AND BUDGET FRAMEWORKS IN THE UAE -- A. Revenue and Expenditure Trends -- B. Fiscal Sustainability Analysis -- C. Sustainable Fiscal Policy Measures -- D. Strengthening Budgeting Approach -- E. Conclusions -- References -- BOXES -- 1. Water...

This Article IV Consultation highlights that UAE has successfully weathered recent external shocks, because of its large financial buffers, diversified economy, and strong policy response. The economy is starting to recover from the 2015-16 slowdown caused by a decline in oil prices. Growth...