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00:00 The IMF expects economic growth in Qatar to slow down in the near future, but also to improve economic growth in the medium term.
00:13 How will the third national development strategy contribute to support Qatar's economy?
00:20 The IMF's forecast for Qatar's overall local economy is expected to reach its lowest level in the near future.
00:31 The IMF also expects the country's economy to grow by 1.3% compared to last year's 2023.
00:39 The IMF also expects the country's economy to grow by 4.5% compared to last year's 2023.
00:48 Qatar launched its third national development strategy at the beginning of the year.
00:56 This strategy focuses on several aspects, including the strengthening of production without hydrocarbons,
01:03 enabling the growth of the private sector, and providing more opportunities for investment.
01:09 One of the main goals of this strategy is to improve the growth of natural gas production in Qatar.
01:18 There are several economic challenges that lead to the slowdown of economic growth in Qatar,
01:24 including geopolitical tensions that affect the delay in the export of natural gas, but have been temporarily affected.
01:34 Qatar is seeking to increase its production of natural gas through the Western Northern Road project,
01:42 which was recently announced.
01:45 Qatar aims to grow its natural gas production by 20% by 2030,
01:51 and seeks to grow non-oil production with the support of the public sector's investments.
01:57 One of the main goals of this strategy is to grow tourism and financial infrastructure reforms.
02:05 How does Qatar focus on its financial infrastructure reforms?
02:10 We will discuss the most important factors in this regard.
02:13 One of the driving factors for Qatar's economic growth is the expectation of a recovery of the GDP
02:21 to 2.5% by 2024, and 2% by the medium term.
02:29 In this context, and in return for financial infrastructure reforms,
02:33 the IMF has estimated that the financial surplus by 2023 will be 5.5% of the total local GDP.
02:46 In addition, the total debt of central banks in Qatar has decreased by less than 40% of the total local GDP in 2023.
02:57 This is part of Qatar's effort to strengthen spending, improve budget preparation,
03:05 and strengthen partnership between the public and private sectors.
03:09 The MODIS agency has also estimated that the total loan rate will increase by 3.5% by the end of 2024.
03:28 These are also factors that can be negative.
03:39 [SPEAKING ARABIC]