Qatar- Early vaccine rollout, more liquidity, support packages to spur growth – MENAFN.COM

  • Date: 18-Apr-2021
  • Source: MENAFN
  • Sector:Economy
  • Country:Qatar
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Qatar- Early vaccine rollout, more liquidity, support packages to spur growth – MENAFN.COM

(MENAFN - Gulf Times) Early vaccine rollout and government's additional liquidity and financial schemes to cushion the impact of the Covid-induced shock will help Qatar economy recover and gain growth trajectory later this year. According to the International Monetary Fund, the improvement in the relationship between GCC countries following the Al Ula Accord will also help Qatar economy stage a good recovery towards the second half of 2021. 'These will create better conditions, help increase the level of exchange of goods, services and also people and provide an additional source of visitors both for tourism as well as for the FIFA World Cup 2022 from the region, Jihad Azour, director of the Middle East and Central Asia Department at the IMF, told Gulf Times at a virtual media event recently. Recently, Qatar crossed a milestone by securing the ninth rank in the world in the proportion of people who have received Covid-19 vaccination. Qatar Cabinet at its last meeting expressed satisfaction over the progress of the Covid-19 vaccination in Qatar, which according to PHCC crossed 1, 06, 2250 doses of vaccine administration since the start of the vaccination campaign. Qatar like other GCC countries was affected last year by the