IMF Staff Country Reports

Iraq: 2007 Article IV Consultation, Fifth Review Under the Stand-By Arrangement, Financing Assurances Review, and Requests for Extension of the Arrangement, Waiver of Applicability, and Waivers for Nonobservance of Performance Criteria: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq

August 31, 2007

Download PDF

Preview Citation

Format: Chicago

Iraq: 2007 Article IV Consultation, Fifth Review Under the Stand-By Arrangement, Financing Assurances Review, and Requests for Extension of the Arrangement, Waiver of Applicability, and Waivers for Nonobservance of Performance Criteria: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq, (USA: International Monetary Fund, 2007) accessed December 23, 2024

Summary

This 2007 Article IV Consultation highlights that Iraq’s economic growth has been slower than expected at the time of the last Article IV Consultation, mainly because the expected expansion of oil production has not materialized. Following a decline in oil production and real GDP in 2005, economic growth is estimated at 6¼ percent in 2006. Progress in implementing the structural reforms has been made. Official fuel prices have been increased to levels in other oil-exporting countries in the region, and private sector importation of fuel products has been liberalized.

Subject: Commodities, Economic sectors, Expenditure, Imports, Inflation, International trade, Oil, Oil sector, Prices

Keywords: Africa, Authority, CBI safeguards area, Core inflation, CR, East Africa, Executive Board's discussion, Government, Imports, Inflation, ISCR, Middle East, North Africa, Oil, Oil sector, Oil wealth, Price, Reform program, Stand-By Arrangement, Unlocking Iraq's oil wealth

Publication Details

  • Pages:

    65

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/301

  • Stock No:

    1IRQEA2007003

  • ISBN:

    9781451819144

  • ISSN:

    1934-7685

You May Also Be Interested In...

Republic of Kosovo: Selected Issues

December 23, 2024

Republic of Kosovo: 2024 Article IV Consultation and Third Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility-Press Release; and Staff Report

December 23, 2024

Paraguay: Fourth Review Under the Policy Coordination Instrument, Request for Modification of Targets, Second Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for Rephasing Access-Press Release; and Staff Report

December 23, 2024

Australia: 2024 Article IV Consultation-Press Release; and Staff Report

December 23, 2024