This web page presents information about the work of the IMF in Iraq, including the activities of the IMF Resident Representative Office. Additional information can be found on the Iraq and IMF, including IMF reports and Executive Board documents that deal with Iraq.
Iraq and the IMF
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May 16, 2024
Series:Country Report No. 2024/129
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May 16, 2024
Series:Country Report No. 2024/128
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IMF Executive Board Concludes 2024 Article IV Consultation with Iraq
May 15, 2024
Domestic stability has improved since the new government took office in October 2022, facilitating the passage of Iraq’s first three-year budget, which entailed a large fiscal expansion starting in 2023. This supported the strong recovery in Iraq’s non-oil economy after a contraction in 2022, while Iraq was largely unaffected by the ongoing conflict in the region. Domestic inflation declined to 4 percent by end-2023, reflecting lower international food prices, the currency revaluation as of February 2023, and the normalization in trade finance. However, imbalances have worsened due to the large fiscal expansion and lower oil prices.
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Towards an Inclusive, Equitable and Sustainable National Pension System in Iraq
April 30, 2024
Series:Analytical Notes No 2024/001
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General Commission for Taxes: Strategic Direction for Prioritized Reforms
April 10, 2024
Author/Editor:Fadia B Sakr | Sabine M Corm | Patrick De Mets | Lydia E Sofrona
Series:High Level Summary Technical Assistance Report No. 2024/011
Office Activities
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Resident Representative Visit to Baghdad
IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.
March 30, 2023
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Inflation and Conflict in Iraq: The Economics of Shortages Revisited
Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past.
July 2, 2010
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Technical Assistance Evaluation Program
Findings of Evaluations and Updated Program - Evaluation of the Technical Assistance Subaccount for Iraq
April 4, 2008
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IMF Sees Global Imbalances Narrowing, but More to Be Done
Global Imbalances, Africa's Improved Debt Outlook, Nigerian Reform, Burkina Faso's Cotton Crisis, Ghana and Inflation Targeting, Iraq's Progress, Egypt's Reforms Spur Growth, Asian Trade, Baltics' High Growth Rate, News Briefs
March 31, 2008
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Resident Representative Visit to Baghdad
IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.
March 30, 2023
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Inflation and Conflict in Iraq: The Economics of Shortages Revisited
Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past.
July 2, 2010
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Technical Assistance Evaluation Program
Findings of Evaluations and Updated Program - Evaluation of the Technical Assistance Subaccount for Iraq
April 4, 2008
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IMF Sees Global Imbalances Narrowing, but More to Be Done
Global Imbalances, Africa's Improved Debt Outlook, Nigerian Reform, Burkina Faso's Cotton Crisis, Ghana and Inflation Targeting, Iraq's Progress, Egypt's Reforms Spur Growth, Asian Trade, Baltics' High Growth Rate, News Briefs
March 31, 2008
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Resident Representative Visit to Baghdad
IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.
March 30, 2023
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Inflation and Conflict in Iraq: The Economics of Shortages Revisited
Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past.
July 2, 2010
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Technical Assistance Evaluation Program
Findings of Evaluations and Updated Program - Evaluation of the Technical Assistance Subaccount for Iraq
April 4, 2008
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IMF Sees Global Imbalances Narrowing, but More to Be Done
Global Imbalances, Africa's Improved Debt Outlook, Nigerian Reform, Burkina Faso's Cotton Crisis, Ghana and Inflation Targeting, Iraq's Progress, Egypt's Reforms Spur Growth, Asian Trade, Baltics' High Growth Rate, News Briefs
March 31, 2008
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Resident Representative Visit to Baghdad
IMF Resident Representative Gazi Shbaikat concludes a visit to Baghdad where he held several high-level and technical meetings on key economic developments and enhance cooperation with the authorities including the Prime Minister, Governor of the Central Bank, and Minister of Finance among other key ministries and departments. Gazi Shbaikat also met with UN agencies, the World Bank, and IECG ambassadors, where he delivered an economic debrief and stressed the need for enhancing coordination among partners in key support and technical assistance areas.
March 30, 2023
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Inflation and Conflict in Iraq: The Economics of Shortages Revisited
Containing inflation has turned out to be one of the most challenging aspects of economic management in Iraq. This paper posits that conventional as well as unconventional factors explain inflation dynamics in the recent past.
July 2, 2010
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Technical Assistance Evaluation Program
Findings of Evaluations and Updated Program - Evaluation of the Technical Assistance Subaccount for Iraq
April 4, 2008
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IMF Sees Global Imbalances Narrowing, but More to Be Done
Global Imbalances, Africa's Improved Debt Outlook, Nigerian Reform, Burkina Faso's Cotton Crisis, Ghana and Inflation Targeting, Iraq's Progress, Egypt's Reforms Spur Growth, Asian Trade, Baltics' High Growth Rate, News Briefs
March 31, 2008
Regional Economic Outlook
April 18, 2024
An Uneven Recovery amid High Uncertainty
The Middle East and North Africa and the Caucasus and Central Asia regions are positively impacted by the resilience of the global economy. Lower global commodity prices and vigilant policy responses have helped ease inflation in most countries. However, uncertainty and risks have risen amid ongoing conflicts, shipping disruptions, and reduced oil production. This is leading to an uneven recovery across the Middle East and Central Asia, with growth rates varying this year. Policymakers need to ensure economic stability and debt sustainability while navigating geopolitical risks and improving medium-term growth prospects. Amid high uncertainty, it is essential that countries implement reforms to enhance their fundamentals, including by strengthening institutions. Additionally, countries can seize potential economic opportunities amid shifting trade patterns by reducing long-standing trade barriers, diversifying products and markets, and improving infrastructure.
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