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, including IMF reports and Executive Board documents that deal with Iraq.

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Iraq: At a Glance

  • Current IMF membership: 190 countries
  • Iraq joined the Fund on December 27, 1945; Article XIV
  • Quota: SDR 1,188.40 million

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Iraq and the IMF

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Office Activities

  • Resident Representative Visit to Baghdad

    IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.

    March 30, 2023

  • 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.

    July 2, 2010

  • Technical Assistance Evaluation Program

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

    April 4, 2008

  • 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

    March 31, 2008

  • Resident Representative Visit to Baghdad

    IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.

    March 30, 2023

  • 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.

    July 2, 2010

  • Technical Assistance Evaluation Program

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

    April 4, 2008

  • 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

    March 31, 2008

  • Resident Representative Visit to Baghdad

    IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.

    March 30, 2023

  • 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.

    July 2, 2010

  • Technical Assistance Evaluation Program

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

    April 4, 2008

  • 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

    March 31, 2008

  • Resident Representative Visit to Baghdad

    IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.

    March 30, 2023

  • 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.

    July 2, 2010

  • Technical Assistance Evaluation Program

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

    April 4, 2008

  • 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

    March 31, 2008

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Regional Economic Outlook

May 3, 2023

The economies of the Middle East and Central Asia (ME&CA) proved resilient in 2022, despite a series of global shocks. However, this year—and potentially next—growth is expected to slow in the Middle East and North Africa (MENA) as tight policies to fight inflation, reduce vulnerabilities, and rebuild buffers start to dent economic activity in many countries, and agreed oil production cuts curb growth in oil exporters. Inflation is projected to remain persistent. The outlook for Caucasus and Central Asia (CCA) countries depends heavily on external factors, namely the impact of monetary tightening, growth in their main trading partners, the pace of private transfers, and inflows of migrants from Russia. Uncertainty is high, and risks to the baseline are tilted to the downside amid financial stability concerns—particularly in advanced economies amid contagion fears. Policy trade-offs are even more complex, and policymakers will need to calibrate the policy mix carefully to reduce core inflation without triggering financial stress and excessive tightening and continue to provide targeted fiscal support to vulnerable groups while preserving debt sustainability and financial stability. Tight monetary and fiscal policies across the region amid tight global financial conditions call for accelerating structural reforms to bolster potential growth and enhance resilience.
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