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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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
Pages:
53
Volume:
2006
DOI:
Issue:
301
Series:
Country Report No. 2006/301
Stock No:
1IRQEA2006002
ISBN:
9781451819113
ISSN:
1934-7685
