Iraq : Staff-Monitored Program-Press Release; and Staff Report

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

January 12, 2016

Electronic Access:

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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. 16/11

Subject:

Notes:

Also available in Arabic

English

Publication Date:

January 12, 2016

ISBN/ISSN:

9781513594613/1934-7685

Stock No:

1IRQEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

64

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