Iraq: Request for Stand-By Arrangement

January 13, 2006

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Format: Chicago

Iraq: Request for Stand-By Arrangement, (USA: International Monetary Fund, 2006) accessed November 22, 2024

Summary

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.

Subject: Commodities, Economic sectors, Expenditure, International trade, Oil, Oil exports, Oil prices, Oil sector, Prices

Keywords: CR, Due diligence session, Export revenue, Government, Government's approach, IMF arrangement, Iraq, Iraq's commitment, ISCR, Oil, Oil export price movement, Oil exports, Oil prices, Oil sector, Price, Staff, Transition to a market economy

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/015
Stock No:

1IRQEA2006001
ISBN:

9781451819106
ISSN:

1934-7685

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