| Description |
1 online resource (102 pages) : color illustrations |
| Series |
IMF country report ; no. 16/225 |
|
IMF country report ; no. 16/225.
|
| Contents |
Cover; CONTENTS; BACKGROUND: IRAQ IS FACING AN ACUTE FISCAL AND BALANCE OF PAYMENTS CRISIS; A. Background; B. Recent Economic Developments; C. Performance Under the Staff-Monitored Program (SMP); D. Outlook; ECONOMIC POLICIES TO ADDRESS THE CRISIS; A. Managing External Pressures; B. Implementing Fiscal Consolidation to Achieve Debt Sustainability; C. Strengthening Public Financial Management; D. Monitoring Financial Risks to Preserve Financial Sector Stability; PROGRAM MODALITIES AND RISKS; STAFF APPRAISAL; FIGURE; 1. Recent Economic Developments and Outlook, 2013-21; TABLES |
|
1. Selected Economic and Financial Indicators, 2013-212. National Accounts, 2013-21; 3. Central Government Fiscal Accounts, 2013-21 (In trillions of ID); 4. Central Government Fiscal Accounts, Quarterly, 2016-17 (In trillions of ID); 5. Central Government Fiscal Accounts, 2013-21 (In percent of GDP); 6. Central Government Fiscal Accounts, 2013-21 (In percent of non-oil GDP); 7. Balance of Payments, 2013-21; 8. Monetary Survey, 2013-21; 9. Central Bank Balance Sheet, 2013-21; 10. Proposed Schedule of Reviews and Purchases Under the Stand-By Arrangement, 2016-19 |
|
11. Indicators of Fund Credit, 2015-2112. Total Financing Requirements and Sources, 2016-19; 13. Reserve Adequacy Indicators, 2013-19; ANNEX; I. Public and External Debt Sustainability Analysis; APPENDIX; Letter of Intent; Attachment I. Memorandum on Economic and Financial Policies; Attachment II. Technical Memorandum of Understanding; CONTENTS; RELATIONS WITH THE FUND; RELATIONS WITH THE WORLD BANK GROUP; STATISTICAL ISSUES |
| Summary |
This paper discusses Iraq's First and Second Reviews of the Staff-Monitored Program (SMP) and Request for a Three-Year Stand-By Arrangement. The oil price decline has resulted in a massive reduction in Iraq's budget revenue, pushing the fiscal deficit to an unsustainable level. The authorities are responding to the crisis with a mix of necessary fiscal adjustment and financing, maintaining their commitment to the exchange rate peg. The authorities started an SMP in November 2015 to establish a track record of policy credibility and pave the way to a possible IMF financing arrangement. Their performance under the SMP has been broadly satisfactory |
| Notes |
"July 2016." |
| Bibliography |
Includes bibliographical references |
| Notes |
Description based on online resource; title from pdf title page (IMF website, viewed August 29, 2016) |
| Subject |
International Monetary Fund -- Iraq
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Economic development -- Iraq
|
|
Fiscal policy -- Iraq
|
|
Financial risk management -- Iraq
|
|
Economic development
|
|
Economic policy
|
|
Financial risk management
|
|
Fiscal policy
|
| SUBJECT |
Iraq -- Economic policy
|
| Subject |
Iraq
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. publisher.
|
| ISBN |
9781498357654 |
|
1498357652 |
|
