Iraq: Staff-Monitored Program-Press Release; and Staff Report
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper discusses the Iraqi authorities’ request for a Staff-Monitored Program (SMP). The authorities have requested an SMP to establish a track record of policy credibility to pave the way to a possible IMF financing arrangement. Under the SMP, the authorities will implement fiscal consolidation that will contain public expenditure in line with available revenue and financing, and aim to reduce the non-oil primary deficit by US$20 billion or 12 percent of non-oil GDP between 2013 and 2016. Under the SMP, agreement has also been reached on measures to strengthen public financial management, anti-money laundering and countering the financing of terrorism, and financial sector stability.
Series:
Country Report No. 2016/011
Subject:
Economic and financial statistics Expenditure External sector statistics Government finance statistics Oil prices Prices Public financial management (PFM)
Notes:
English
Publication Date:
January 12, 2016
ISBN/ISSN:
9781513594613/1934-7685
Stock No:
1IRQEA2016001
Pages:
64
Please address any questions about this title to publications@imf.org