Barriers and Opportunities for Enhancing Capital Flows
In the COMCEC Member Countries
91
Upper-middle income group
Upper middle Income Group adherence to IMF standards
# of capital account transaction controls Article VIII convertibility
Albania 7 No
Algeria 13 Yes
Azerbaijan 7 Yes
Gabon 13 (2 are not regulated) Yes
Iran 11 Yes
Iraq 5 No
Jordan 4 Yes
Kazakhstan 10 Yes
Lebanon 11 Yes
Libya 13 (1 is not regulated) Yes
Malaysia 12 Yes
Maldives 7 (1 is not regulated) No
Suriname 13 Yes
Tunisia 12 Yes
Turkey 10 Yes
Turkmenistan 11 No
Source: IMF Annual Report on Exchange Arrangements and Exchange Restrictions
High income group
High Income Group adherence to IMF standards
# of capital account transaction controls Article VIII convertibility
Bahrain 4 Yes
Brunei 5 Yes
Kuwait 7 Yes
Oman 5 Yes
Qatar 7 Yes
Saudi Arabia 11 Yes
United Arab Emirates 5 Yes
Source: IMF Annual Report on Exchange Arrangements and Exchange Restrictions