UAE Needs Prioritized Stimulus, Reforms for Growth, IMF Says

The United Arab Emirates should prioritize new fiscal stimulus and structural reforms to ensure sustainable economic growth, the International Monetary Fund said, as the Gulf Arab state prepares to wind down its pandemic-related support measures.

The new reforms should target attracting highly skilled professionals, supporting private sector employment, and increasing trade and foreign investment, the IMF said in a report Thursday. “Going forward, however, support measures should be increasingly targeted to viable sectors and firms and supporting people most in need,” it said.