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Baghdad, Iraq

Iraq (iStock)

Iraq Resident Representative Site

Resident Representative Office in Iraq

This web page presents information about the work of the IMF in Iraq, including the activities of the IMF Resident Representative Office. Additional information can be found on the Iraq and IMF country page, including IMF reports and Executive Board documents that deal with Iraq.

News — Highlights


Inflation and Conflict in Iraq: The Economics of Shortages Revisited

Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past. click for more

Technical Assistance Evaluation Program

Findings of Evaluations and Updated Program - Evaluation of the Technical Assistance Subaccount for Iraq click for more

IMF Sees Global Imbalances Narrowing, but More to Be Done

Global Imbalances, Africa's Improved Debt Outlook, Nigerian Reform, Burkina Faso's Cotton Crisis, Ghana and Inflation Targeting, Iraq's Progress, Egypt's Reforms Spur Growth, Asian Trade, Baltics' High Growth Rate, News Briefs click for more

Iraq and the IMF

IMF Survey : Cheap Oil Means a New Reality for Middle East, North Africa Region

April 25, 2016
Growth in the Middle East, North Africa, Afghanistan, and Pakistan region remains subdued owing to low oil prices and deepening regional conflicts, said the IMF in its latest regional assessment. click for more

Press Release: IMF Staff Completes Mission for a Staff-Monitored Program Review and a Stand-By Arrangement Discussion with Iraq

March 29, 2016

Avoiding the New Mediocre : Raising Long-Term Growth in the Middle East and Central Asia

March 22, 2016
Author/Editor: Pritha Mitra ; Amr Hosny ; Gohar Minasyan ; Mark Fischer ; Gohar Abajyan
Series: Middle East and Central Asia Departmental Paper No. 16/1
 click for more

Press Release: IMF Managing Director Approves a Staff-Monitored Program for Iraq

January 12, 2016

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

January 12, 2016
Series: Country Report No. 16/11
Also available in Arabic  click for more

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Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Middle East, North Africa, Afghanistan, and Pakistan: Oil, Conflicts, and Transitions

A modest recovery is expected to continue in the MENAP despite a slump in oil prices, raging regional conflicts, and lingering uncertainty of the post-Arab Spring transitions.

  • Despite a sharp decline in oil prices, growth in the oil-exporting countries is projected to remain steady at 2.4 percent in 2015, with inflation subdued. Faced with large oil revenue losses, most countries are expected to use accumulated financial buffers and available financing to cushion some of the impact on growth while gradually slowing their fiscal spending, so that they can share the now reduced oil wealth equitably with future generations and rebuild buffers for dealing with oil price volatility. Specific policy announcements would help reduce uncertainty about how medium-term fiscal consolidation plans will be carried out.
  • In the oil-importing countries, growth is expected to strengthen from 3 percent in 2014 to 4 percent in 2015, supported by a gradual recovery in the euro area, improved domestic confidence, and more accommodative fiscal and monetary policies. Lower oil prices are helping, though their impact on near-term growth has been moderated in many countries by incomplete pass-through to retail fuel prices. Consequently, the benefits are mainly in the form of improved fiscal/quasi-fiscal positions and external vulnerabilities rather than stronger growth. Solidifying recent subsidy reforms will help lock in the gains, which can help reduce fiscal and external vulnerabilities where needed and, in other countries, make space for increased growth-enhancing spending.

Although rising, economic growth rates remain too low to make a dent into high unemployment across the region, especially among the youth. Raising economic prospects in a sustainable and inclusive manner suggests the need for multifaceted structural reforms.

Resident Representative for Iraq

Gazi Shbaikat
Resident Representative

Dr. N. Abu-Aishan Bld. Floor #2
1 Saeed Al Mofti St. - Swifiyah
Amman 11185, Jordan
Tel: (962) 6-5861598
Fax: (962) 6-5861572