Iraq: Staff-Monitored Program-Press Release; and Staff Report

January 12, 2016

Preview Citation

Format: Chicago

Iraq: Staff-Monitored Program-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Also available in: العربية

Summary

This paper discusses the Iraqi authorities’ request for a Staff-Monitored Program (SMP). The authorities have requested an SMP to establish a track record of policy credibility to pave the way to a possible IMF financing arrangement. Under the SMP, the authorities will implement fiscal consolidation that will contain public expenditure in line with available revenue and financing, and aim to reduce the non-oil primary deficit by US$20 billion or 12 percent of non-oil GDP between 2013 and 2016. Under the SMP, agreement has also been reached on measures to strengthen public financial management, anti-money laundering and countering the financing of terrorism, and financial sector stability.

Subject: Economic and financial statistics, Expenditure, External sector statistics, Government finance statistics, Oil prices, Prices, Public financial management (PFM)

Keywords: Ad-referendum agreement, Banks Rasheed, CBI auction, CR, External sector statistics, Global, Government, Government finance statistics, Government import, ISCR, ISIS attack, Managing director of the International Monetary Fund, Oil, Oil price decline, Oil prices, Oil revenue, U.S. dollar

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/011
Stock No:

1IRQEA2016001
ISBN:

9781513594613
ISSN:

1934-7685

Notes

Also available in Arabic

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