With oil and natural gas exports accounting for over 50% of GDP and almost 70% of government revenues, Qatar’s economy relies heavily on leveraging its hydrocarbons resources. The Gulf state has the third-largest proven natural gas reserves in the world and is currently the largest producer of liquefied natural gas (LNG). Elevated oil and gas prices...
Public-private partnerships (PPPs) are seen as one critical element to successfully implementing Qatar’s public spending programme, providing an important avenue for bringing global expertise into the country. As the National Development Strategy 2011-16 (NDS) states, “The government believes that an increased private sector role, considered case by...
The National Development Strategy 2011–16 (NDS) is a vital step for Qatar, focused on institutional reform to support the longer-term vision of a diversified, knowledge-based economy. Reforms will target strengthening six areas: strategic policy and planning; budget and financial management; organisational alignment; human resource development;...
Recent improvements in the global ranking of Qatar’s economic competitiveness are a measure of the success that the country has had with its programme of reforms implemented under the National Development Strategy 2011-16 (NDS). Qatar has moved up two places in the World Bank’s “Doing Business 2012” report (DB 2012), now ranking behind only Saudi...
Highlighting Qatar’s importance to major multinationals as well as regional and local businesses, a recent report from HSBC predicts that the country’s trade volume could surge by up to 160% by 2025. This is within the context of projected growth in the Middle East and North Africa region by 84.7% by 2025, which is higher than the expected global...
Given the positive economic performance in 2011, what was the strategy behind the interest cut?
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