## Iraq: Staff Report for the 2005 Article IV Consultation

_IMF Staff Country Reports, August 16, 2005_

## Source details

**Canonical URL:** [Iraq: Staff Report for the 2005 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/iraq-staff-report-for-the-2005-article-iv-consultation-18499)

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## Bibliographic details
- Published: August 16, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451819083.002

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### Summary findings
- There has been a marked deterioration in Iraq’s human development indicators over the last twenty years.
- There is relatively little firm data on the balance of payments other than on oil exports, government imports of goods and services, and external reserves.
- There were large current account deficits in 2004 and 2005, reflecting high levels of imports related to reconstruction and recovery.
- The Iraqi government has begun to engage with official creditors in line with the Paris Club agreement.

### Balance of payments and external sector
- Available firm data are limited to:
  - oil exports
  - government imports of goods and services
  - external reserves
- Large current account deficits recorded in:
  - 2004
  - 2005
- Primary drivers of deficits:
  - high levels of imports related to reconstruction and recovery

### Policy engagement and debt treatment
- The Iraqi government has begun to engage with official creditors consistent with the Paris Club agreement.

### Publication and document identifiers
- Date: August 16, 2005
- Pages: 66
- Volume: 2005
- Issue: 294
- DOI: https://doi.org/10.5089/9781451819083.002
- ISBN: 9781451819083
- ISSN: 1934-7685
- Series: Country Report No. 2005/294
- Stock No: 1IRQEA2005001

*International Monetary Fund. "Iraq: Staff Report for the 2005 Article IV Consultation", IMF Staff Country Reports 2005, 294 (2005), August 16, 2005.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/iraq-staff-report-for-the-2005-article-iv-consultation-18499_