IMF Staff Country Reports

Iraq: First and Second Reviews Under the Stand-By Arrangement, Financing Assurances Review, and Request for Waiver of Nonobservance and Applicability of Performance Criteria—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq

August 9, 2006

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Iraq: First and Second Reviews Under the Stand-By Arrangement, Financing Assurances Review, and Request for Waiver of Nonobservance and Applicability of Performance Criteria—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq, (USA: International Monetary Fund, 2006) accessed September 20, 2024

Summary

The government of Iraq is committed to reform the pension law before it goes into effect. Good progress has been made in setting up a payments system. The Central Bank of Iraq (CBI) and ministry of finance are coordinating their strategy toward restructuring the state-owned banks. The government expects to initiate negotiations on resolving non-Paris Club official claims very soon. Iraq’s medium-term economic prospects look reasonably favorable, but are subject to considerable risk. The new government has taken important and decisive measures to bring the program back on track.

Subject: Commodities, Expenditure, Foreign exchange, Inflation, Oil, Oil prices, Prices

Keywords: Agreement, Amount, Central bank of Iraq, CR, Crude oil oil production, Crude oil production, Debt, Good faith effort, Government, Inflation, Inflation dynamics, Inflation rate, ISCR, Oil, Oil prices, Policy, Supply disruption

Publication Details

  • Pages:

    53

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2006/301

  • Stock No:

    1IRQEA2006002

  • ISBN:

    9781451819113

  • ISSN:

    1934-7685

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