Iraq: First Review Under the Stand-By Arrangement and Financing Assurances Review Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq
Electronic Access:
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Summary:
The First Review under the Stand-By Arrangement (SBA) discusses policies focused on measures to accelerate the reconstruction of the Iraqi economy while maintaining macroeconomic stability. Inflation has slowed down, and monetary and exchange rate policies have been adjusted. The Central Bank of Iraq (CBI) will increase the pace of appreciation of the dinar and keep the policy interest rate positive in real terms to keep inflation under control. Restructuring plans for the two largest state-owned banks will be developed on the basis of their finalized financial and operational audits.
Series:
Country Report No. 2008/303
Subject:
Banking Budget planning and preparation Expenditure Foreign exchange Imports International trade Oil exports Public financial management (PFM)
English
Publication Date:
September 15, 2008
ISBN/ISSN:
9781451819168/1934-7685
Stock No:
1IRQEA2008002
Pages:
52
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