Iraq: First Review Under the Stand-By Arrangement and Financing Assurances Review Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq

International Monetary Fund

No 2008/303, IMF Staff Country Reports from International Monetary Fund

Abstract: The First Review under the Stand-By Arrangement (SBA) discusses policies focused on measures to accelerate the reconstruction of the Iraqi economy while maintaining macroeconomic stability. Inflation has slowed down, and monetary and exchange rate policies have been adjusted. The Central Bank of Iraq (CBI) will increase the pace of appreciation of the dinar and keep the policy interest rate positive in real terms to keep inflation under control. Restructuring plans for the two largest state-owned banks will be developed on the basis of their finalized financial and operational audits.

Keywords: ISCR; CR; authority; government; Iraq's Stand-By Arrangement; budget; financial management system; central bank of Iraq; audits of the Central Bank of Iraq; State oil; branch account; Budget planning and preparation; Oil exports; Imports; Middle East; North Africa; East Africa; Africa (search for similar items in EconPapers)
Pages: 52
Date: 2008-09-15
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=22358 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2008/303

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().