The Iraqi authorities and the staff of the International Monetary Fund
(IMF) held discussions in Amman from September 17 to 28, 2017 on the third
review of Iraq’s 36-month Stand-By Arrangement (SBA). The IMF Executive
Board approved the SBA on July 7, 2016
(See
Press Release No. 16/321), and completed the second review on
August 1, 2017 (See Press Release No. 17/311).
At the end of the mission, Mr. Christian Josz, Mission Chief for Iraq,
issued the following statement:
“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. These discussions will continue
during the upcoming IMF and World Bank Annual Meetings from October 13–15,
2017 in Washington, DC.”
“During the visit, the team met with the Acting Governor of the Central
Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, Acting Deputy Minister
of Finance, Dr. Maher Johan, , and officials from the Prime Minister’s
office, ministries of finance, oil, planning, and electricity, the State
Oil Marketing Organization, the Central Statistical Organization, the
Central Bank of Iraq, and the Board of Supreme Audit. The team would like
to thank the Iraqi authorities for their cooperation and the open and
productive discussions.”
