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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


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

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
Also Available in Arabic click for more

Iraq: 2013 Article IV Consultation

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

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. click for more

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Regional Economic Outlook: Middle East and Central Asia

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The near-term economic outlook for the Middle East and North Africa region has weakened. In the oil-importing countries, many of which are Arab countries in transition, regional conflict, heightened political tensions, and delays in reforms continue to weigh on growth. In this context, the immediate policy priorities are to restore confidence and create jobs, make inroads into fiscal consolidation to restore debt sustainability and rebuild buffers, and embark on structural reforms needed to support private sector-led, job-intensive growth. Most oil-exporting countries continue to enjoy steady growth in the non-oil sector, supported in part by high levels of public spending. Although headline growth has declined because of domestic oil supply disruptions and lower global demand, a recovery in oil production is expected to lift growth next year. Increased vulnerability to a sustained decline in oil prices and intergenerational equity considerations underscore the need for countries to strengthen their fiscal buffers. Key medium-term challenges remain economic diversification and faster private-sector job-creation for nationals.

Economic activity in the Caucasus and Central Asia (CCA) is expected to continue expanding rapidly, with the CCA remaining among the fastest-growing regions in the world. Growth will be driven by a recovery in the hydrocarbon sector and firm growth in domestic demand, supported in part by stable remittance inflows. Considerable downside risks weigh on this outlook, however, stemming in particular from slower-than-expected growth in Russia, an important trading partner and source of remittance inflows. CCA economies should take advantage of the favorable near-term economic conditions to rebuild fiscal policy buffers that were eroded after the global crisis. In some cases, more exchange rate flexibility would help increase resilience to unanticipated shocks while supporting competitiveness. The positive near-term outlook is also an opportunity to strengthen policy frameworks and set in motion a process of structural transformation into dynamic emerging 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
Tel: (962) 6-5861598
Fax: (962) 6-5861572