IMF Staff Country Reports

Iraq: Staff Report for the 2009 Article IV Consultation and Request for Stand-By Arrangement

Publication Date:

March 16, 2010

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2010/072

Subject:

Budget planning and preparation Commodities International trade Oil Oil exports Oil prices Prices Public financial management (PFM)