(ANSAmed) - DOHA, FEBRUARY 3 - Qatar has not done enough to
reduce its dependency on the hydrocarbon sector, the
International Monetary Fund writes in its report on the country.
The country's programme foresees that 63% of total expenditure in 2016 will be covered by revenues other than those from oil and gas. And the goal is to reach 100% autonomy in 2020. An ambitious project that requires more serious efforts than those made so far. The Emirate has introduced diversification policies, considering alternative energy sources like the sun and nuclear energy. The IMF is to save more during the period of economic boom. The dynamic economy of Qatar reached a GDP growth of almost 20% in 2011, but will fall back to 6% in 2012.
(ANSAmed)
The country's programme foresees that 63% of total expenditure in 2016 will be covered by revenues other than those from oil and gas. And the goal is to reach 100% autonomy in 2020. An ambitious project that requires more serious efforts than those made so far. The Emirate has introduced diversification policies, considering alternative energy sources like the sun and nuclear energy. The IMF is to save more during the period of economic boom. The dynamic economy of Qatar reached a GDP growth of almost 20% in 2011, but will fall back to 6% in 2012.
(ANSAmed)
