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Baghdad, Iraq

Baghdad, Iraq (iStock)

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

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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. click for more

Technical Assistance Evaluation Program

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

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 click for more

Iraq and the IMF

IMF Survey : Mideast Growth Outlook to Improve Overall, Bold Reforms Still Needed

May 6, 2014
Economic growth in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) is expected to strengthen this year, but weak confidence and, in some cases, large public deficits continue to pose risks to this outlook, the IMF said in its latest regional assessment. click for more

Press Release: Statement by the IMF Mission at the Conclusion of a Staff Visit for Iraq

March 25, 2014

Press Release: IMF Executive Board Reviews Noncomplying Purchase by Iraq and Breach of Obligations Under Article VIII, Section 5

November 21, 2013

Iraq: Selected Issues

July 19, 2013
Series: Country Report No. 13/218
Notes:
Also Available in Arabic click for more

Iraq: 2013 Article IV Consultation

July 19, 2013
Series: Country Report No. 13/217
Notes:
Also Available in Arabic click for more

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Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Growth has been tepid across the Middle East and North Africa, Afghanistan, and Pakistan (MENAP) region. In 2013, declines in oil production held back growth in the oil-exporting countries. Weak private investment, amid political transitions and conflict, continued to take a toll on economic activity in the oil-importing countries. Growth is expected to strengthen this year in line with an improved global outlook. However, weak confidence and, in some cases, large public deficits will continue to weigh on the region's economic prospects. Deeper economic transformations are necessary to ensure robust and inclusive growth and creation of enough jobs for the rapidly-growing labor force.

Economic growth in the Caucasus and Central Asia (CCA) is expected to decline from 6.5 percent in 2013 to 6 percent in 2014, mainly because of weakening growth momentum in emerging market trading partners (particularly, China, Russia, and Turkey) and a temporary decline in oil output growth in Kazakhstan. Risks remain tilted to the downside. In particular, a slowdown in emerging market trading partners may weaken exports, foreign direct investment, and remittances. Policy priorities center on rebuilding buffers and increasing exchange rate flexibility to help adjust to unanticipated shocks. Stronger macroeconomic frameworks would provide a more credible anchor to economies. Rapid credit growth in some countries calls for strengthening the prudential policies to ensure the continued soundness of financial institutions. Structural reforms to improve the business environment and governance, as well as closer regional cooperation, would enable CCA countries to achieve their goal of becoming dynamic emerging market economies. Click for more

Resident Representative for Iraq

Gazi Shbaikat
Resident Representative

Dr. N. Abu-Aishan Bld. Floor #2
1 Saeed Al Mofti St. - Swifiyah
Amman 11185, Jordan
Email: GShbaikat@imf.org
Tel: (962) 6-5861598
Fax: (962) 6-5861572