Iraq: Request for Stand-By Arrangement and Cancellation of Current Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq

January 16, 2008

Preview Citation

Format: Chicago

Iraq: Request for Stand-By Arrangement and Cancellation of Current Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq, (USA: International Monetary Fund, 2008) accessed September 18, 2024

Summary

Iraq showed good progress in undertaking strong macroeconomic policies and implementing economic reforms under the Stand-By Arrangement (SBA). Executive Directors welcomed this, and noted that low investment and stagnating output in the oil sector continue to hamper economic growth. They stressed that the new SBA should maintain macroeconomic stability, facilitate higher investment and output in the oil sector, and move forward with key reforms that were initiated under the previous arrangement. They also emphasized for reduction in inflation, increase in international reserves, and implementation of structural reforms.

Subject: Balance of payments statistics, Banking, Commodities, Economic and financial statistics, Economic sectors, Financial statistics, Foreign exchange, International trade, Oil, Oil exports, Oil sector

Keywords: Asia and Pacific, Balance of payments statistics, CBI regulation, Core inflation, CR, Debt sustainability, Financial statistics, Governance in the oil sector, Government, Government import, Government of Iraq, IMF's executive board, Iraq, ISCR, Middle East, Oil, Oil exports, Oil sector, Stand-By Arrangement, Strengthening governance

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/017
Stock No:

1IRQEA2008001
ISBN:

9781451819151
ISSN:

1934-7685

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