Iraq: Request for Stand-By Arrangement

International Monetary Fund

No 2006/015, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Iraq’s request for Stand-By Arrangement for 15 months from December 2005 through March 2007, which they intend to treat as precautionary. The authorities’ policies have succeeded in promoting overall macroeconomic stability despite the extremely difficult security environment. Economic growth in 2005 is estimated at 2.6 percent, following the rebound of almost 50 percent recorded in 2004. Inflation pressures have moderated in 2005, though prices remain volatile. The medium-term outlook for Iraq is favorable, but subject to many risks.

Keywords: ISCR; CR; Iraq; export revenue; staff; government; price; IMF arrangement; due diligence session; oil export price movement; transition to a market economy; Iraq's commitment; government's approach; Oil prices; Oil; Oil sector; Oil exports (search for similar items in EconPapers)
Pages: 84
Date: 2006-01-13
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