IMF lauds strength of Qatar’s economy

Doha: Deputy Managing Director of the International Monetary Fund (IMF) Tao Zhang praised the economic policies of Qatar and its success in overcoming  economic crises affecting the global economy, which confirms the strength and resilience of the Qatari economy.
This came during the meeting of Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani, with  Tao Zhang, on the sidelines of Qatar Economic Forum in the United States, which is currently taking place in Washington.
They discussed prospects for joint cooperation in the economic, trade and investment fields and means of developing them, in addition to reviewing the investment incentives and the unique elements of the Qatari economy, which will strengthen partnerships and attract US investments to open new markets in Qatar. They also discussed issues related to the prospects of the global economy, the achievement of economic development and financial stability. Chairman of the Qatari Businessmen Association (QBA) Faisal bin Qassim Al Thani, CEO of Qatar Stock Exchange Rashid bin Ali Al Mansoori and a number of senior officials of Qatari financial institutions and businessmen attended the meeting.
IMF organised a special seminar for the Qatari delegation at its headquarters in Washington, DC to discuss the global economic situation and the competitive advantages of the Qatari economy. IMF’s representative gave a presentation on the most important reports of the Fund to assess the economic performance of Qatar. The presentation included a comprehensive analysis of the various development indicators in Qatar, as well as highlighting proposals to strengthen the position of the Qatari economy in the region and the world. The visual presentation also addressed the current development efforts and the performance of the economy. IMF’s representative presented a review of the economic reforms carried out recently by Qatar compared to the global economic growth, developed and developing economies. Qatar has made progress, which was shown through data provided during the presentation.
The presentation also addressed the performance of the Qatari banking system during the siege, which proved strong and financial efficiency against geopolitical fluctuations.