United Arab Emirates

Download or read book United Arab Emirates written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-05-18 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2012 Article IV Consultation highlights that the economic recovery in the United Arab Emirates is continuing despite the uncertain global economic environment. The banking sector has remained well capitalized and profitable, despite a continued rise in nonperforming loans and higher provisioning. Executive Directors have welcomed the continued economic recovery and favorable near-term outlook, but noted downside risks from the uncertain global environment. Directors have encouraged the authorities to continue their efforts to sustain growth and diversify the economy, while maintaining macroeconomic and financial stability.