Iraq: Staff Report for the 2009 Article IV Consultation and Request for Stand-By Arrangement
March 16, 2010
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This 2009 Article IV Consultation highlights that Iraq’s longer-term economic outlook is strong as oil prices and production are projected to increase markedly in the coming years. However, based on conservative oil price assumptions, the external current account and the overall balance of payments are expected to remain in deficit in 2010 and 2011. Similarly, Iraq’s fiscal position is projected to record significant, albeit declining deficits in both years, before returning to a surplus position in 2012.
Subject: Budget planning and preparation, Commodities, International trade, Oil, Oil exports, Oil prices, Prices, Public financial management (PFM)
Keywords: balance of payments, Budget planning and preparation, CBI independence, CR, discussion of Iraq, Global, government, investment execution, ISCR, Oil, Oil exports, Oil prices, request, request for stand-by arrangement, Stand-By Arrangement
Pages:
91
Volume:
2010
DOI:
Issue:
072
Series:
Country Report No. 2010/072
Stock No:
1IRQEA2010001
ISBN:
9781451982053
ISSN:
1934-7685
