Featured by OBG
Kuwait is advancing a broad reform agenda under the New Kuwait 2035 development plan, aiming to strengthen economic resilience and diversify beyond hydrocarbons. Recent governance and fiscal reforms, including the passage of a new public debt law, are expected to expand financing options and support capital market development. At the same time, investment in infrastructure, logistics, digital technology and industry is creating new opportunities for private sector participation. While the energy sector continues to anchor the economy, expanding activity in finance, ICT and trade is helping to broaden growth drivers. Parallel investment in education, health care and cultural infrastructure is also strengthening human capital and quality of life, positioning Kuwait for more diversified and sustainable long-term growth.
Positioned between west and east Asia, Sri Lanka sits on a major maritime route between Europe and the Far East and its natural resources have made it a trading centre for millennia.
Following a landmark peace agreement and a late-2016 tax reform package, 2017 looks to be a year of significant promise for Colombia. The country has been in recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate. However, with the external sector acting as a shock absorber, the authorities helped ensure that domestic demand was able to pick up some of the slack.
Despite gloomy global trade forecasts, the Philippines’ strong macroeconomic fundamentals, competitive geographical and labour force advantages, and rising domestic consumption bode well for future trade and investment.
The past two years have seen the Tunisian economy follow a gentle upward trajectory – one that falls short of the pace of expansion needed to reduce poverty and improve the revenue base, but that nonetheless exhibits a marked improvement over previous years.
Even amid a broader downturn in many African markets, Kenya has consistently been one of sub-Saharan Africa’s most reliable performers.
