Iraq: Technical Assistance Report-Guarantees and Extra Budgetary Funds Management
February 5, 2021
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Iraq: Technical Assistance Report-Guarantees and Extra Budgetary Funds Management, (USA: International Monetary Fund, 2021) accessed September 21, 2024
Summary
Iraq is substantially exposed to fiscal risks related to guarantees issued by the State, with a stock of guarantees related to foreign currency service payments and debt of USD 21.7 billion at end-June 2017 and a stock of domestic guarantees that remains to be fully assessed. In 2017, the Council of Ministers approved a set of procedures to tighten controls on the approval of State guarantees. Nevertheless, misreporting cases highlight the need to further strengthen capacities and institutional arrangements to effectively identify and monitor the fiscal implications of guarantees, including in the context of EBFs’ operations.
Publication Details
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Pages:
38
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2021/032
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Stock No:
1IRQEA2021001
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ISBN:
9781513568362
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ISSN:
1934-7685
