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 November 21, 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...

Kiribati: Agricultural Subsidies for Copra: Improving Efficiency and Equity and Balancing Trade-offs

November 21, 2024

Burkina Faso: Report on Government Finance Statistics Mission (March 18–29, 2024)

November 18, 2024

Quarterly Projection Model for the Bank of Ghana: Extensions and Applications

November 15, 2024

Growth Convergence and Public Finances of India and its States

November 15, 2024