UID:
almafu_9960178057902883
Umfang:
1 online resource (53 p.)
ISBN:
9781475522259
,
1475522258
,
9781475522327
,
1475522320
Serie:
IMF Staff Country Reports
Inhalt:
This Selected Issues paper discusses performance and risks posed by government-related entities (GREs) in the United Arab Emirates (UAE). GREs continue to be a major source of growth and development for the UAE, but they also pose significant fiscal and financial risks. GREs’ debt remains high in the UAE, although it is declining and remains actively managed. To mitigate GREs’ risks, the authorities should build on recent progress and develop an integrated approach, including implementing prudent fiscal policies, enhancing macro- and microprudential frameworks, controlling GREs’ borrowing and integrating them into the public debt management framework, and further strengthening corporate governance and transparency.
Anmerkung:
Description based upon print version of record.
,
Cover; CONTENTS; PERFORMANCE AND RISKS POSED BY GOVERNMENT RELATED ENTITIES IN THE UAE; A. Introduction; B. Performance of Companies with Government Ownership; C. Main Risks Posed by GREs; D. The Evolution of GREs Leverage and Macroeconomic Conditions; E. Policies to Manage Risks Posed by GREs; FIGURES; 1. UAE: GRE's Debt, 2010-15; 2. UAE Companies with Government Ownership and Publically Available Information: Selected Indicators:; 3. UAE: Debt Composition, 2010-15; 4. Non-Financial Corporate Sector: Outstanding GREs and Government Bond Debt
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5. UAE: GRE's Net Debt and Interest Coverage Ratio (ICR), 2006-15q2TABLES; 1. UAE Companies with Government Ownership and Publicly Available Information: Selected Indicators; 2. Non-Financial Corporate Sector: Return on Assets; 3. Non-Financial Corporate Sector: Debt to Equity; 4. Non-Financial Corporate Sector: Interest Coverage Ratio, ICR; 5. Dubai: Maturing Bonds and Syndicated Loans; 6. Abu Dhabi: Maturing Bonds and Syndicated Loans; 7. EGLS Panel With Cross-section Weights; References; FINANCIAL STABILITY OF THE BANKING SYSTEM AMID LOWER OIL PRICES AND HIGHER SHORT-TERM INTEREST RATES
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A. IntroductionB. Banking Sector Developments; C. Assessing the Impact of Lower Oil Prices and Higher Short-term Interest Rates on Liquidity; D. Assessing the Impact of Lower Oil Prices and Higher Short-term Interest Rates on Solvency; E. Conclusion and Policy Recommendations; FIGURES; 1. Recent Banking Sector Developments; 2. Financial Soundness Indicators; 3. Probabilities of Default for Banks and Corporates under Adverse Macroeconomic Scenarios; TABLE; 1. Determinants of Liquidity Buffers; References; COMPETITIVENESS AND DIVERSIFICATION IN THE CONTEXT OF FISCAL CONSOLIDATION
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A. Stylized facts about economic diversification in the UAEB. Status of UAE's Competitiveness; C. Productivity, Labor, and Investment; D. Policies and Reforms; FIGURES; 1. UAE: Real GDP Growth, 1970-2015; 2. UAE and Comparators: Real GDP Growth; 3a. Overall GDP by sector; 3b. Contribution to Real GDP Growth; 4a. Services Sector; 4b. Contribution to Real Growth of Services Sector; 5a. Industrial Sector; 5b. Contribution to Real Growth of Industrial Sector; 6a. UAE: Exports Composition, 1990-2015.; 6b. UAE: Non Hydrocarbon Exports Composition; 7. UAE: Service Credit, 1990-2015
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8. UAE: Services Balance, 1990-20159. Directions of Exports, 1980-2014; 10. Economic Diversification; 11. UAE. Export Quality Evolution, 1990-2010; 12. UAE and Comparators: Export Quality; 13. Oil Revenues Dependency 2000-15; 14. Global Competitiveness Index, 2016; 15. UAE: REER, Inflation, and Dollar/Euro, Jan. 2000-Mar. 2016; 16. UAE and CIMM: REER, 2000-15; 17a. Unit Labor Costs, 2000-15; 17b. Productivity, 2000-15; 18. Cost of Starting a Business, 2016; 19. Tax Rates on Businesses; 20. Other Factor Costs; 21. Import and Export Costs; 22. Decomposition of Non Oil Real GDP
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23. Global Innovation Index
Weitere Ausg.:
ISBN 9781475522075
Weitere Ausg.:
ISBN 147552207X
Sprache:
Englisch
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