IMF Staff Concludes Visit on Iraq
IMF News, September 28, 2017
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- IMF Staff Concludes Visit on Iraq
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Bibliographic details
- Published: September 28, 2017
Mission overview
- Press Release No. 17/377
- Date of press release: September 28, 2017
- End-of-Mission press releases convey preliminary findings after a visit to a country; the views expressed are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board.
- This mission will not result in a Board discussion.
- Mission dates in Amman: from September 17 to 28, 2017.
- Purpose: discussions on the third review of Iraq’s 36-month Stand-By Arrangement (SBA).
Stand-By Arrangement (SBA) status and budget discussions
- The IMF Executive Board approved the SBA on July 7, 2016 (See Press Release No. 16/321).
- The Executive Board completed the second review on August 1, 2017 (See Press Release No. 17/311).
- Progress reported: “The Iraqi authorities and IMF staff started discussions on the third review of the SBA and made good progress towards reaching agreement on a draft 2018 budget in line with the SBA.”
- Planned continuation: “These discussions will continue during the upcoming IMF and World Bank Annual Meetings from October 13–15, 2017 in Washington, DC.”
Meetings and participants
- Mission Chief for Iraq: Mr. Christian Josz (issued the mission statement).
- Meetings held with:
- Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq
- Acting Deputy Minister of Finance, Dr. Maher Johan
- Officials from the Prime Minister’s office
- Ministries of finance, oil, planning, and electricity
- State Oil Marketing Organization
- Central Statistical Organization
- Central Bank of Iraq
- Board of Supreme Audit
- Staff note of appreciation: “The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”
Contacts and communications
- IMF Communications Department — MEDIA RELATIONS
- PRESS OFFICER: Wafa Amr
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Email notification sign-up available to receive free e-mail notices when new series and/or country items are posted on the IMF website.
- Note: The IMF Press Center is a password-protected site for working journalists.
IMF staff statement as of September 28, 2017.