Iraq Resident Representative Site

Resident Representative Office in Iraq

This web page presents information about the work of the IMF in Iraq, including the activities of the IMF Resident Representative Office. Additional information can be found on the Iraq and IMF country page, including IMF reports and Executive Board documents that deal with Iraq.

News — Highlights

Inflation and Conflict in Iraq: The Economics of Shortages Revisited

Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past. 

Technical Assistance Evaluation Program

Findings of Evaluations and Updated Program - Evaluation of the Technical Assistance Subaccount for Iraq 

IMF Sees Global Imbalances Narrowing, but More to Be Done

Global Imbalances, Africa's Improved Debt Outlook, Nigerian Reform, Burkina Faso's Cotton Crisis, Ghana and Inflation Targeting, Iraq's Progress, Egypt's Reforms Spur Growth, Asian Trade, Baltics' High Growth Rate, News Briefs 

Iraq and the IMF

Public Information Notice: IMF Executive Board Concludes 2013 Article IV Consultation with Iraq

May 21, 2013
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment. 

IMF Program Note on Iraq

April 18, 2013
Program Note on Iraq 

Press Release: IMF Mission Concludes Article IV Discussions with Iraq

March 21, 2013

Press Release: IMF Approves Seven-Month Extension of Stand-By Arrangement for Iraq

August 3, 2012

Transcript of a Conference Call on Jordan’s Stand-By Arrangement, Morocco’s Precautionary and Liquidity Line and the IMF’s Engagement in the Middle East and North Africa

August 3, 2012

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Regional Economic Outlook: Middle East and Central Asia

Two years after the onset of the "Arab Spring," many countries in the Middle East and North Africa continue to undergo complex political, social, and economic transitions. Economic performance across the region was mixed in 2012: although most oil-exporting countries grew at healthy rates, economic growth remained sluggish in the oil importers. In 2013, these differences are expected to narrow because of a scaling-back of hydrocarbon production among oil exporters and a mild economic recovery among oil importers. Many countries face the immediate challenge of re-establishing or maintaining macroeconomic stability amid political uncertainty and social unrest, but the region must not lose sight of the medium-term challenge of diversifying its economies, creating jobs, and generating more inclusive growth.

For the countries in the Caucasus and Central Asia region, the near-term outlook remains broadly favorable, reflecting high oil prices for the oil and gas exporters and strong non-oil commodity prices and robust remittances in the oil and gas importers. Risks to this favorable outlook could stem from still-subdued world demand, domestic political uncertainties, and geopolitical risks in the region. Policymakers, particularly in the oil-importing countries, should take advantage of the favorable outlook to re-establish fiscal policy buffers that were eroded in the aftermath of the global crisis. Across the region, countries should reinvigorate their reform efforts to address longstanding structural issues, with a view to improving governance, building an investor-friendly environment, developing a more inclusive financial system, and fostering regional trade and finance integration.